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Author Question: Which of the following statements about the combined ratio is true? A) It is equal to the loss ... (Read 35 times)

jon_i

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on: Jul 11, 2018
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.


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elizabethrperez

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

Answer: B

Answer to Question 2

Answer: D


jon_i

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

bimper21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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