For P&C Insurers, If the Combined Ratio Is More Than

question 3

Multiple Choice

For P&C insurers, if the combined ratio is more than 100%, that firm

• A) could not have been profitable.
• B) must have been profitable.
• C) may have been profitable if investment returns were high enough.
• D) was profitable if the LAE was low enough.

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The stage of life characterized by the attainment of full growth and maturity, typically marked by increased responsibilities and independence.

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