JKL Insurance Company reported the following information on its accounting statements last year: Premiums Written $90,000,000Loss Adjustment Expenses $5,000,000Underwriting Expenses 30,000,000Premiums Earned $100,000,000Incurred Losses $70,000,000 What was JKL’s combined ratio last year?

JKL Insurance Company reported the following information on its accounting statements last year: Premiums Written $90,000,000Loss Adjustment Expenses $5,000,000Underwriting Expenses 30,000,000Premiums Earned $100,000,000Incurred Losses $70,000,000 What was JKL’s combined ratio last year?

By misrepresenting the true facts, Gretchen was able to convince someone to replace an existing life insurance policy with another company and to purchase a new policy from the company that Gretchen represents. Gretchen has engaged in an illegal sales practice called:

The unit of measurement used in property and casualty insurance pricing is called the:

Shauna hurt her back and was unable to work. She filed a claim under her disability income insurance policy. Under terms of the policy, a period of time must pass between when the injury occurred and when the insurer begins to replace lost earnings. This time period is called a(n):

Janice purchased a living room set for $1,000 and insured this furniture on an actual cash value basis. Two years later the living room set was destroyed by a covered peril. At the time of loss, the property had depreciated in value by 25 percent. The replacement cost of the furniture at the time of loss was $1,200. Assuming no deductible, how much will Janice receive from her insurer? 

Which of the following statements about recent developments in employer-sponsored health plans is true?

Vesting refers to:

The exclusion of flood in a homeowners policy is an example of an:

Vesting refers to: