What is the Interest Maintenance Reserve (IMR) used for in life insurance statutory accounting?
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A
To set aside funds for interest credited to policyholders on their contracts
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B
To defer realized capital gains and losses on fixed-income investments and amortize them into income over the remaining life of the investment sold
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C
To maintain a minimum guaranteed interest rate for policyholder reserves
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D
To reserve for potential interest rate increases that could reduce bond market values