Property And Casualty Insurance License Practice Test
Property And Casualty Insurance License Underwriting and Rating 3
What does 'loss ratio' measure in insurance?
Select your answer
A
The ratio of premiums to investment income
B
The ratio of losses incurred to premiums earned, measuring how much of premium is consumed by claims
C
The ratio of new policies to renewals
D
The ratio of large claims to small claims
Hint
