Identify the line of insurance that has the largest break-even combined ratio.
A) Personal auto
B) Homeowners'
C) Fire
D) Workers' compensation
E) Medical malpractice
Correct Answer:
Verified
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
Q25: Which of the following explains the movement
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
Q31: The level of combined ratio that is
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