Combined Ratio Is

question 22

Multiple Choice

Combined ratio is:

• A)loss ratio plus expense ratio.
• B)premium ratio plus claims ratio.
• C)premium ratio minus expense ratio.
• D)loss ratio minus expense ratio.
• E)expense ratio by premium ratio.

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Definitions:

Dynamics of Mobilizing

The mechanisms and processes involved in rallying resources or groups towards a specific goal, often within a social or political context.

Adaptive Leadership

A leadership framework that emphasizes the importance of leaders being able to adjust their strategies and approaches in response to changing environments and challenges.

Adaptive Challenge

Complex issues that cannot be solved with existing knowledge or skills, requiring new learning and approaches.

Regulate Distress

Methods or strategies used to manage and mitigate emotional turmoil or stress, promoting mental health.