3-77 Higher Uncertainty of Losses Forces Property-Casualty Firms to

3-77 Higher uncertainty of losses forces property-casualty firms to

A) invest in more short-term assets than life insurance firms.
B) invest in more long-term assets than life insurance firms.
C) hold a lower percentage of capital and reserves than life insurance firms.
D) invest in riskier equity securities than life insurance firms.
E) conduct more separate accounts business than life insurance firms.