Join IDNLearn.com and start exploring the answers to your most pressing questions. Ask your questions and receive prompt, detailed answers from our experienced and knowledgeable community members.

In the context of insurance company accounting, the term "impairment" refers to ________.
A. An insurance company's inability to write any new business due to lack of surplus.
B. An insurance company's inability to pay claims due to solvency concerns.
C. The inability of a company's actuary to accurately determine the value of an asset.
D. An asset that is no longer expected to produce the economic benefits expected when first acquired.