An Insurer May Be Profitable Even If the Combined Ratio

question 13

Multiple Choice

An insurer may be profitable even if the combined ratio is over 100 percent because of:

• A)premium income.
• B)lack of insurance claims.
• C)decrease in expenses.
• D)investment income.
• E)reinsurance.

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Definitions:

Controling

The act of directing or regulating the behavior or operations of something or someone.

Unwrapped

Exposed or revealed by removing a covering.

Reccomendation

Advisory suggestions provided to guide decisions or propose certain actions.

Unifying

Bringing people or elements together to make or become united, coherent, or as one entity.