Property and Casualty Insurers Have a Greater Need for Liquidity

question 10

True/False

Property and casualty insurers have a greater need for liquidity than life insurers.

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Definitions:

Pressure Switch

A device that closes or opens an electrical contact when a certain set fluid pressure has been reached on its input.

Selector Switch

A switch used to select between two or more different operations or circuits.

Pushbutton

a mechanical switch that is activated or deactivated by pressing it, commonly used to control devices or initiate actions.

M Contact

In PLC programming, a type of virtual or internal contact that represents the state of a specific condition or bit in memory.