An insurer may be profitable even if the combined ratio is over 100 percent because of:
A) premium income.
B) lack of insurance claims.
C) decrease in expenses.
D) investment income.
E) reinsurance.
Correct Answer:
Verified
Q23: Fire and allied lines as well as
Q24: Identify the characteristics of a market.
A)Insurance rates
Q25: Which of the following explains the movement
Q26: Identify the line of insurance that has
Q27: Soft market conditions occur when:
A)insurance losses and
Q29: Churning is inducing a policyholder to cancel
Q30: The industry uses cash flow underwriting when
Q31: The level of combined ratio that is
Q32: Each line of business has its own
Q33: When the combined ratio is low, the
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