From the Insurance Company's Perspective, What Is the Difference Between

question 32

Multiple Choice

From the insurance company's perspective, what is the difference between written premium and earned premium?

• A) There is no difference; they are effectively the same thing.
• B) Written premiums are those that belong to the insurer; earned premiums do not belong to the insurer.
• C) Written premiums are the total premiums collected by the insurer; earned premiums are those that belong to the insurer.
• D) Written premiums reflect the total amount of coverage provided to insureds; earned premiums reflect the net profit of the insurer.

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Definitions:

Autonomic Nervous System

The part of the nervous system that involuntarily controls the functions of internal organs, including the heart, stomach, and glands.

Schachter And Singer Theory

A theory suggesting that emotions result from a combination of physiological arousal and the interpretation of that arousal based on environmental cues.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate, digestion, and respiratory rate.

Schachter And Singer Theory

A psychological model that suggests emotions are determined by physiological arousal and cognitive labeling of the cause of that arousal.