This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about the combined ratio is true? A) It is equal to the loss ... (Read 38 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
Which of the following statements about the combined ratio is true?
 
  A) It is equal to the loss ratio minus the expense ratio.
  B) A combined ratio greater than 1 (or 100 percent) means an underwriting loss has occurred.
  C) The combined ratio considers the company's investment income.
  D) A combined ratio less than 1 (or 100 percent) indicates an underwriting loss has occurred.

Question 2

In schedule rating, each building is individually evaluated based on several rating factors.
 
  One factor refers to the possibility that the building will be damaged or destroyed by a fire that starts at an adjacent property and spreads to the building. This rating factor is known as
  A) occupancy.
  B) protection.
  C) maintenance.
  D) exposure.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D




jon_i

  • Member
  • Posts: 549
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)


billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

For a complete list of videos, visit our video library