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
True-color image of layers of haze in Titan's atmosphere.
The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing
Adapoids and omomyoids had longer snouts and are the first “true” primates.
Interventions for Selected Co-Occurring Conditions
Main Hall, Trajan's Market
Ten Conditions Associated with Inherited Variation