Which of the Following Statements Referring to the Loss Ratio

question 24

Multiple Choice

Which of the following statements referring to the loss ratio are true?

• A)The loss ratio measures the actual losses incurred on a line of insurance business.
• B)A common measure of the overall underwriting profitability of a line of insurance business is the loss ratio.
• C)The loss ratio measures the pure losses incurred on a line of insurance business relative to premiums earned.
• D)The loss ratio measures the predicted losses incurred on a line of insurance business relative to premiums earned.

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Definitions:

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