An insurer must have a license from each state in which it conducts business.
Correct Answer:
Verified
Q12: Combined ratio does not include income from
Q13: In 2002, in the wake of a
Q14: The life and health insurance markets do
Q15: The commissioner of insurance generally has more
Q16: Insurance rates are considered dynamic because of
Q18: Each line of business has its own
Q19: The investment activity of the life/health industry
Q20: All states have state guaranty fund associations
Q21: A combined ratio above one hundred means
Q22: Combined ratio is:
A)loss ratio plus expense ratio.
B)premium
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