« previous next »

Author Question: Which of the following statements is true regarding insurance market conditions and underwriting ... (Read 103 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jul 11, 2018
Which of the following statements is true regarding insurance market conditions and underwriting results?
 
  A) A combined ratio greater than one (or 100 percent) indicates profitable underwriting.
  B) In a soft insurance market, more retention is used than in a hard insurance market.
  C) Insurance rates are high and underwriting standards are tight when the insurance market is hard.
  D) Property and liability insurance premiums and underwriting standards do not fluctuate over time.

Question 2

Which statement is (are) true regarding property and liability insurance market conditions? I. Premiums are high when the insurance market is hard. II. Underwriting standards are tight when the insurance market is soft.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

The black-capped chickadee is a permanent resident in biomes with harsh winter conditions. The black-capped chickadee is a permanent resident in biomes with harsh winter conditions.
Conditions Treated by Physical Therapy Cont Conditions Treated by Physical Therapy Cont
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
In a typical proteomic analysis, cells are exposed to different conditions In a typical proteomic analysis, cells are exposed to different conditions
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library