这道题不能选择allocation3吗

NO.PZ2022122801000007 问题如下 Channel is a leangproperty ancasualty insurer basein a velopeEuropecountry. It isfinancially strong anthe instry outlook is stable. Channel’s profitabilityis high, primarily iven robust unrwriting results anfavorableinvestment returns on its large reserve of assets.Channel’sinvestment group is focuseon matching premium reserve assets to projecteolicyholr claims, investing excess assets for growth. The reserve currentlyhsufficient surplus to support its liabilities. Regulators impose a maximumlimit of 10% of totreserve assets (whiinclu matcheanexcess assets)on non-publicly trasecurities. Mukasa’s new assistant, SamiPai, presentsthree possible allocation options for totreserve assets, shown in Exhibit1. Exhibit 1: Possible AllocationsWhiallocationin Exhibit is most appropriate for Channel’s insuranreserve assets? A.Allocation 1 B.Allocation 2 Allocation 3 P C insurerssuChannel are primarily focuseon matching assets to the projecte probabilisticcash flows of the risks they are unrwriting. Therefore, fixeincome assets arelikely the largest component of their asset base. allocation to higher riskassets, suequity, is likely musmaller. Thus, Allocation 1 is moreappropriate theither Allocation 2 or 3. In aition, theregulation limits non-publicly trasecurities sureestate anprivateequity, to 10%, whiwouleliminate Allocation 2 from consiration. Allocation3 is less appropriate thAllocation 1, given the small allocation to fixeincomeanrelatively large allocations to equity ancash. Regulators impose a maximum limit of 10% of totreserve assets (whiinclu matcheanexcess assets) on non-publicly trasecuritiesreestate 属于实物资产，为什么归类于non-publicly trasecurities？括号里 (whiinclu matcheanexcess assets)代表什么意思

NO.PZ2022122801000007问题如下 Channel is a leangproperty ancasualty insurer basein a velopeEuropecountry. It isfinancially strong anthe instry outlook is stable. Channel’s profitabilityis high, primarily iven robust unrwriting results anfavorableinvestment returns on its large reserve of assets.Channel’sinvestment group is focuseon matching premium reserve assets to projecteolicyholr claims, investing excess assets for growth. The reserve currentlyhsufficient surplus to support its liabilities. Regulators impose a maximumlimit of 10% of totreserve assets (whiinclu matcheanexcess assets)on non-publicly trasecurities. Mukasa’s new assistant, SamiPai, presentsthree possible allocation options for totreserve assets, shown in Exhibit1. Exhibit 1: Possible AllocationsWhiallocationin Exhibit is most appropriate for Channel’s insuranreserve assets? A.Allocation 1B.Allocation 2Allocation 3 P C insurerssuChannel are primarily focuseon matching assets to the projecte probabilisticcash flows of the risks they are unrwriting. Therefore, fixeincome assets arelikely the largest component of their asset base. allocation to higher riskassets, suequity, is likely musmaller. Thus, Allocation 1 is moreappropriate theither Allocation 2 or 3. In aition, theregulation limits non-publicly trasecurities sureestate anprivateequity, to 10%, whiwouleliminate Allocation 2 from consiration. Allocation3 is less appropriate thAllocation 1, given the small allocation to fixeincomeanrelatively large allocations to equity ancash. 也是主要投固收，是因为10%比例选错项目的原因吗？

NO.PZ2022122801000007 问题如下 Channel is a leangproperty ancasualty insurer basein a velopeEuropecountry. It isfinancially strong anthe instry outlook is stable. Channel’s profitabilityis high, primarily iven robust unrwriting results anfavorableinvestment returns on its large reserve of assets.Channel’sinvestment group is focuseon matching premium reserve assets to projecteolicyholr claims, investing excess assets for growth. The reserve currentlyhsufficient surplus to support its liabilities. Regulators impose a maximumlimit of 10% of totreserve assets (whiinclu matcheanexcess assets)on non-publicly trasecurities. Mukasa’s new assistant, SamiPai, presentsthree possible allocation options for totreserve assets, shown in Exhibit1. Exhibit 1: Possible AllocationsWhiallocationin Exhibit is most appropriate for Channel’s insuranreserve assets? A.Allocation 1 B.Allocation 2 Allocation 3 P C insurerssuChannel are primarily focuseon matching assets to the projecte probabilisticcash flows of the risks they are unrwriting. Therefore, fixeincome assets arelikely the largest component of their asset base. allocation to higher riskassets, suequity, is likely musmaller. Thus, Allocation 1 is moreappropriate theither Allocation 2 or 3. In aition, theregulation limits non-publicly trasecurities sureestate anprivateequity, to 10%, whiwouleliminate Allocation 2 from consiration. Allocation3 is less appropriate thAllocation 1, given the small allocation to fixeincomeanrelatively large allocations to equity ancash. 是不是只有当资产小于负债并且远小于的时候，可以选择3来考虑增加资产未来能cover 负债的可能性，如果资产大于负债，就保守投资确保一直处于overfunng的状态？

NO.PZ2022122801000007 问题如下 Channel is a leangproperty ancasualty insurer basein a velopeEuropecountry. It isfinancially strong anthe instry outlook is stable. Channel’s profitabilityis high, primarily iven robust unrwriting results anfavorableinvestment returns on its large reserve of assets.Channel’sinvestment group is focuseon matching premium reserve assets to projecteolicyholr claims, investing excess assets for growth. The reserve currentlyhsufficient surplus to support its liabilities. Regulators impose a maximumlimit of 10% of totreserve assets (whiinclu matcheanexcess assets)on non-publicly trasecurities. Mukasa’s new assistant, SamiPai, presentsthree possible allocation options for totreserve assets, shown in Exhibit1. Exhibit 1: Possible AllocationsWhiallocationin Exhibit is most appropriate for Channel’s insuranreserve assets? A.Allocation 1 B.Allocation 2 Allocation 3 P C insurerssuChannel are primarily focuseon matching assets to the projecte probabilisticcash flows of the risks they are unrwriting. Therefore, fixeincome assets arelikely the largest component of their asset base. allocation to higher riskassets, suequity, is likely musmaller. Thus, Allocation 1 is moreappropriate theither Allocation 2 or 3. In aition, theregulation limits non-publicly trasecurities sureestate anprivateequity, to 10%, whiwouleliminate Allocation 2 from consiration. Allocation3 is less appropriate thAllocation 1, given the small allocation to fixeincomeanrelatively large allocations to equity ancash. reestate也在10%限制里？