At P&C Insurers,if the Combined Ratio Is Less Than 100

question 56

Multiple Choice

At P&C insurers,if the combined ratio is less than 100 percent,the premiums charged were sufficient to cover

• A)losses only.
• B)expenses only.
• C)both losses and expenses.
• D)losses,expenses,and investment returns on premiums.

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Definitions:

Stimulant

A type of drug that increases activity in the central nervous system, causing increased alertness, attention, and energy.

Barbiturates

A group of drugs that act as central nervous system depressants, often used medicinally as sedatives, hypnotics, and anticonvulsants.

Drug Interaction

A drug interaction involves changes in the effects or actions of one drug caused by the presence of another drug, food, or substance.

Physical Dependence

A physiological state of adaptation to a substance, marked by the emergence of withdrawal symptoms when the substance is reduced or stopped.