Excess value of assets over liabilities
When turnover of the insurer is high
Excess value of liabilities over assets
Excess of liabilities
✅ The correct answer is A.
Surplus is defined as Excess value of assets over liabilities. A surplus is the amount of an asset or resource that exceeds the portion that is utilized. A surplus is used to describe many excess assets including income, profits, capital, and goods.
Surplus is defined as Excess value of assets over liabilities. A surplus is the amount of an asset or resource that exceeds the portion that is utilized. A surplus is used to describe many excess assets including income, profits, capital, and goods.