Policies that cover injuries reported during the policy period that occurred after the policy retroactive date are called:

Which of the following statements about property and casualty insurance company operating results is (are) true?

I. An insurance company can have a combined ratio greater than 1 (or 100 percent) and still be required to pay income taxes. II. By all measures, the property and casualty insurance industry is highly profitable when compared to other industries. A) I only B) II only C) both I and II D) neither I nor II

Supervisors must prepare and implement plans

Indicate whether the statement is true or false