Fire and allied lines as well as homeowner's have the lowest break-even combined ratio levels because:
A) the expenses and claims are expected to be low.
B) the level of investment income is expected to be low.
C) the premiums rates are high.
D) the level of investment income is expected to be high.
E) the expenses and claims are expected to be high.
Correct Answer:
Verified
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
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
Q28: An insurer may be profitable even if
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