If losses on a particular line of medical malpractice insurance were $650 million and premiums earned were $575 million, the loss ratio would be
A) 1.13 implying that this line of insurance is profitable.
B) 1.13 implying that this line of insurance is unprofitable.
C) 0.88 implying that this line of insurance is profitable.
D) 0.88 implying that this line of insurance is unprofitable.
E) -$75 million implying that this line of insurance is unprofitable.
Correct Answer:
Verified
Q108: The largest liability on property-casualty insurers' balance
Q109: The two policy categories offered by property-casualty
Q110: You start an annuity with $1million and
Q111: Higher uncertainty of losses forces property-casualty firms
Q112: An insurance company collected $31.0 million in
Q114: Life insurance guaranty funds
A)are sponsored by state
Q115: If losses on a particular line of
Q116: Factors that affect the predictability of claims
Q117: Which of the following is an advantage
Q118: What explains the recent increase in many
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents