Which of the Following Statements About Property and Casualty Insurance

question 22

Multiple Choice

Which of the following statements about property and casualty insurance company operating results is (are) true?
I.An insurance company can have a combined ratio greater than 1 (or 100 percent) and still be required to pay income taxes.
II.By all measures,the property and casualty insurance industry is highly profitable when compared to other industries.

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

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Definitions:

Balanced Participation

Equal or fair involvement of all members in a process or activity.

Overly Eager

A state of being excessively enthusiastic or keen, sometimes to the point of being impatient or hasty.

Advice Seeker Type

A category of individuals who actively seek guidance or counsel from others to make decisions or solve problems.

Facilitation

The act of making an action or process easier or more achievable, often in the context of group work or discussions.