The Two Major Components of Expense Risk for P&C Insurers

question 48

Multiple Choice

The two major components of expense risk for P&C insurers are

• A) the combined ratio and the premium ratio.
• B) loss adjustment expenses and variations in commission and other expenses.
• C) investment yield and premiums earned.
• D) dividend ratio and investment yield.
• E) none of the above

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Definitions:

Record Form

A standardized template or document used to collect and organize data systematically.

Behavior Rating Scale System

A method used to assess and document an individual's behaviors, attitudes, or skills, typically through observer ratings, often used in educational and clinical settings.

Student Rating Scales

Tools or instruments used to evaluate or assess students' performance, behavior, or attitudes, typically completed by teachers or peers.

Sociogram

A graphical representation that maps out the relationships within a group, often used to identify social dynamics and networks.