XYZ Insurance Company expects $500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?

Two growth areas for consumer finance companies are

A) first mortgages and vacation financing. B) marine vessel loans and auto loans. C) home equity loans and educational loans. D) home equity loans and "private label" retail credit cards.

What are the main differences between sequence and collaboration diagrams? When would you use each?

What will be an ideal response?