The Combined Ratio Is

question 21

Multiple Choice

The combined ratio is:

• A) the loss ratio plus the expense ratio
• B) a measure of underwriting losses
• C) the loss ratio divided by the expense ratio
• D) a measure of capital gains and dividend returns

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Definitions:

Intellectual Stimulation

The act of encouraging critical thinking, innovation, and creative problem-solving in individuals or groups.

Instrumental Support

The provision of tangible assistance or resources, such as financial aid, goods, or services, which helps someone achieve something or deal with problems.

Complementary Principle

A concept in systems or theories where opposing or differing components work together in a harmonious manner that contributes to a larger whole.

Attachment Style

Patterns of expectations, needs, emotions, and social behaviors that result from the internal working models of self and others in close relationships.