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Author Question: The relative level of surplus in the insurance industry is called the industry's A) capacity. B) ... (Read 153 times)

sjones

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on: Jul 11, 2018
The relative level of surplus in the insurance industry is called the industry's
 
  A) capacity.
  B) liabilities.
  C) reserves.
  D) admitted assets.

Question 2

Which of the following statements is (are) true regarding investment returns and the underwriting cycle?
 
  I. Investment returns have no impact upon the underwriting cycle.
  II. Investment returns can lengthen the duration of a soft market by offsetting underwriting losses.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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IAPPLET

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


sjones

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Reply 2 on: Jul 11, 2018
:D TYSM

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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