Examlex

Solved

Property-Casualty Underwriting Risk Only Exists When the Premiums Generated on a Given

question 52

True/False

Property-casualty underwriting risk only exists when the premiums generated on a given insurance line are less than the claims (losses) on the line.


Definitions:

Aldosterone

A steroid hormone secreted by the adrenal glands that regulates sodium and potassium balance in the blood, influencing blood pressure and fluid balance.

Hormone

Chemical substances produced in the body that regulate and control the activity of certain cells or organs.

Renin

Enzyme released by the kidneys that leads to the secretion of aldosterone and a rise in blood pressure.

Urethra

A duct through which urine is discharged from the bladder to the exterior of the body in both males and females, and through which semen is discharged in males.

Related Questions