This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The property and liability insurance industry is characterized by a repetitive pattern of loose ... (Read 339 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jul 11, 2018
The property and liability insurance industry is characterized by a repetitive pattern of loose underwriting standards with low premiums followed by tight underwriting standards with high premiums. This repetitive pattern is called the
 
  A) underwriting by exception method.
  B) business cycle.
  C) underwriting cycle.
  D) account underwriting method.

Question 2

Mid-States Beef is a commercial feedlot business. Currently, the company has over 10,000 cattle in feedlots. Mid-States is concerned that the price of corn, the grain fed to the cattle, will increase significantly.
 
  The risk that the price of corn may increase and harm the profitability of Mid-States Beef's operations is a(n)
  A) currency exchange rate risk.
  B) property risk.
  C) commodity price risk.
  D) interest rate risk.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C


09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Reply #2 on: Jul 11, 2018
Correct answers!


Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jul 11, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

A fixed action pattern elicited by a sign stimulus. A fixed action pattern elicited by a sign stimulus.
Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss. Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss.
Male pattern alopecia. Male pattern alopecia.
Decremental property of graded potentials. Decremental property of graded potentials.
Independent assortment for two traits in humans follows the same pattern of inheritance as traits in Independent assortment for two traits in humans follows the same pattern of inheritance as traits in
Pattern of retinal stimulation in the human eye Pattern of retinal stimulation in the human eye
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library