If Losses on a Particular Line of Fire Insurance Were

question 14

Multiple Choice

If losses on a particular line of fire insurance were $430 million, premiums earned were $595 million, and loss adjustment expenses were $95 million, the combined ratio would be

• A)0.88 implying that this line of insurance is profitable.
• B)0.88 implying that this line of insurance is unprofitable.
• C)1.13 implying that this line of insurance is profitable.
• D)1.13 implying that this line of insurance is unprofitable.
• E)0.22 implying that this line of insurance is profitable.

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Definitions:

Pressure-Flow Model

A hypothesis that explains how sugars are transported in plants, suggesting that pressure differences move solutes through phloem sieve tubes.

Translocation

In plants, the movement of substances like sugars and nutrients from leaves to other parts of the plant through the phloem.

Growth Ring

A layer of wood produced by a tree or shrub in a growing season, visible as rings in a cross-section of the stem, used to estimate age and growth conditions.

Xylem

A type of vascular tissue in plants responsible for conducting water and minerals from the roots to the rest of the plant.