What does the loss ratio measure in any particular year?
A. Payouts on policies to premiums earned.
B. Amount of premiums earned relative to the payout on policies.
C. Overall underwriting profitability of a line.
D. Loss adjustment expenses to premiums earned.
E. Commission and other acquisition costs to premiums written.
Ans: A. Payouts on policies to premiums earned.
Business
You might also like to view...
When an auditor reviews the financial statements to determine if assets are properly classified between current and noncurrent, he is satisfying the audit objective of occurrence and rights and obligations
Indicate whether the statement is true or false
Business
Retained earnings are a fund of cash the business has earned from profitable operations
Indicate whether the statement is true or false.
Business