Which Statement Is (Are)true Regarding Property and Liability Insurance Market

question 9

Multiple Choice

Which statement is (are) true regarding property and liability insurance market conditions?
I.Premiums are high when the insurance market is "hard."
II.Underwriting standards are tight when the insurance market is "soft.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Flat Lesion

A skin change that is level with the surrounding skin and cannot be felt; it is observed rather than felt.

Different Pigmentation

Variations in skin color among individuals due to differences in melanin production and distribution.

Macule

A flat, distinct, discolored area of the skin smaller than 1 cm in diameter, not involving any change in the thickness or texture of the skin.

Pressure Ulcer

Localized damage to the skin and underlying tissue, mostly over a bony prominence, due to pressure or pressure in combination with shear.