The Major Reasons for Insurer Insolvency Include Which of the Following

question 21

Multiple Choice

The major reasons for insurer insolvency include which of the following?
I.Inadequate pricing and loss reserves
II.Rapid growth and inadequate surplus

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

---

Definitions:

Trust Builder

An individual or strategy that works towards establishing, increasing, and maintaining trust within relationships, teams, or organizations.

Leaders

Individuals who guide, influence, or direct others within an organization or community, often responsible for decision-making and setting direction.

Socialized Power

A form of power that is used for the benefit of the group, prioritizing collective goals over personal interests.

Organizational Goals

Objectives that a company or institution aims to achieve, which guide its internal strategies and decision-making processes.