ABC Insurance Company’s investment income ratio last year was 4.2 percent. The company’s combined ratio last year was 102.6 percent. What was ABC’s overall operating ratio?  

Insight 17.1 (page 374 or 375 of your textbook, depending on whether you have the etext or hardcover book) highlights Six Common 401(k) Mistakes. While each are costly and damaging to an employee preparing for retirement, which of the six do you think is the biggest mistake? Be sure to offer support for your opinion. Outside research may be conducted for this question alone.

The deductible used for automobile collision losses is an example of a(n):

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):

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):

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