3-44 One Reason for the Recent Decline in the Expense

question 73

True/False

3-44 One reason for the recent decline in the expense ratio for PC insurers is an increase dependence on independent brokers to sell and distribute insurance policies.

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Definitions:

Negative Message

A communication that conveys bad news, rejection, or unfavorable information to the recipient.

Detail

An individual feature, fact, or item, especially one that is considered to be intricate or significant.

Positive Message

Communication that conveys good news or a favorable outcome, often intended to motivate or affirm.

Informative Message

A communication that provides data, facts, updates, or feedback without an explicit intention to persuade.