Answer Happy

QUESTION 19 Delta Insurance has a combined ratio of 0.8, this means The company is making a loss For every $1 the company makes a profit of 50.8 For every $1 the company pays $0.2 on total expenses For every $1 the company pay 50.8 on total expenses QUESTION 20 ARJAM Insurance Company has an overall operating ratio of 1.2, based on this which of the following statements is true? ARJAM is profitable The market has an overall operating ratio is 0.9, this means ARJAM is better than the market. It's closest competitor has an overall operating ratio of 1.9, this means ARJAM is worse than this competitor. None of the above are true. 1 points