Courtney is trying to determine Taunton Insurance Company's federal income tax liability. Which part of the NAIC Annual Statement measures the insurer's earnings over a period of time and serves as the basis for determining the insurer's federal income tax liability?  

A Statement of changes in capital and surplus 

B Balance sheet 

C Statement of cash flows 

D Statement of income

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is D Stat... View the full answer