Which of the Following Statements About Property and Casualty Insurance

question 22

Multiple Choice

Which of the following statements about property and casualty insurance company operating results is (are) true?
I.An insurance company can have a combined ratio greater than 1 (or 100 percent) and still be required to pay income taxes.
II.By all measures,the property and casualty insurance industry is highly profitable when compared to other industries.

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

Execute complex organic transformations using a sequence of synthetic steps.

Predict major organic products of given reactions by understanding reaction mechanisms.

Understand the concept and applications of random variables in probability distributions.

Identify and describe different types of random variables (discrete, continuous).

---

Definitions:

Open Sentence

An expression or statement that contains one or more variables, which becomes either true or false when specific values are substituted.

Quantified Existential

A logical expression that asserts the existence of at least one instance of a certain property or classification.

Open Sentence

An algebraic expression that contains at least one variable and becomes either true or false when specific values are substituted for the variables.

Closed Sentence

In logic and mathematics, a statement or expression that is either always true or always false, containing no free variables.