The Major Reasons for Insurer Insolvency Include Which of the Following

question 21

Multiple Choice

The major reasons for insurer insolvency include which of the following?
I.Inadequate pricing and loss reserves
II.Rapid growth and inadequate surplus

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Acquired Needs

Psychological or emotional needs that develop over time based on one's experiences and environment, such as the need for achievement or affiliation.

Hunger

A physical sensation and a basic biological drive for food intake, resulting from the body's need for nutritional sustenance.

Satisfied

A feeling of pleasure or contentment resulting from achieving what one wants or needs.

Satiety

The feeling of fullness or satisfaction that results from the consumption of food, leading to the cessation of eating.