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 39 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 :)


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library