3-76 for Property-Casualty Insurers,loss Rates Are More Predictable for

question 94

Multiple Choice

3-76 For property-casualty insurers,loss rates are more predictable for

• A)low-severity high-frequency events.
• B)low-severity low-frequency events.
• C)high-severity high-frequency events.
• D)high severity low-frequency events.
• E)low severity medium-frequency events.

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Definitions:

Underlies Intelligence

Refers to the fundamental cognitive processes, such as memory and reasoning, that support and enable the development of intelligent behaviors.

Nature And Nurture

A conceptual framework for understanding how both genetic inheritance (nature) and environmental influences (nurture) contribute to the development of individual characteristics and behaviors.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, encompassing both natural and built environments.

Genetics

The study of genes, genetic variation, and heredity in living organisms, explaining how traits are passed from parents to their offspring.