Exam (elaborations)
RMIN 4000 Test 3 Questions & Answers (Graded A+)
- Course
- Institution
A combined ration grater than 1 (or 100 percent) means that an underwriting loss has occurred - ANSWER-Which of the following statements about the combined ratio is true? Because insurance contracts are conditional - ANSWER-Why can an insurer refuse to pay a claim if an insured fails to abide by...
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