What Is Essentially Understood to Be Insurance for Property-Casualty Insurance

question 56

Multiple Choice

What is essentially understood to be insurance for property-casualty insurance companies?

• A)Policy reserves.
• B)Conditional reserve funds.
• C)Reinsurance.
• D)Unearned premiums.
• E)Surplus notes.

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Definitions:

Managerial Resistance

The opposition or reluctance of managers to adopt new practices, changes, or innovations within an organization.

Organized Labor

An association of workers united to protect and advance their interests, often in the form of a union.

Vertically Loaded Jobs

Positions that are designed with a broad scope of tasks, responsibilities, and decision-making powers, often offering employees greater autonomy and control.

Technical Specialists

Individuals with a high level of expertise and knowledge in a specific technical area, contributing specialized skills to their work or projects.