Which of the following explains the movement of insurance prices through time?
A) Redlining cycle
B) Demutualization
C) Actuarial cycle
D) Amortization cycle
E) Underwriting cycle
Correct Answer:
Verified
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
Q23: Fire and allied lines as well as
Q24: Identify the characteristics of a market.
A)Insurance rates
Q26: Identify the line of insurance that has
Q27: Soft market conditions occur when:
A)insurance losses and
Q28: An insurer may be profitable even if
Q29: Churning is inducing a policyholder to cancel
Q30: The industry uses cash flow underwriting when
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