Which of the Following Statements Are True in the Context

question 52

Multiple Choice

Which of the following statements are true in the context of general insurance?

• A)Loss rates on all general property policies are adversely affected by unexpected increases in inflation.
• B)Long-tail losses arise where the peril occurs during a coverage period but a claim is not made until many years later.
• C)Long-tail losses arise where the peril occurs during a coverage period but a claim is not made until many years later and loss rates are more predictable on low-severity high-frequency lines than on high-severity low-frequency lines.
• D)Loss rates on all general property policies are adversely affected by unexpected increases in inflation; long-tail losses arise where the peril occurs during a coverage period but a claim is not made until many years later and loss rates are more predictable on low-severity high-frequency lines than on high-severity low-frequency lines.

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Definitions:

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where adults face the challenge of forming close relationships with others or experiencing loneliness and isolation.

Generativity Versus Stagnation

A stage in Erik Erikson's theory of psychosocial development occurring during middle adulthood when individuals strive to create or nurture things that will outlast them, vs. a sense of stagnation and unproductivity.

Identity Versus Role Diffusion

A stage in Erik Erikson's theory of psychosocial development where adolescents explore their independence and develop a sense of self, or face confusion about roles and future.

Longitudinal Research

A research method that studies the same subjects over a period of time, observing changes or developments.