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1. If the claims total $55,000 and the premium is $25,000 what is the loss ratio? a 45% b 220% c .45% d .22% 2.
1. If the claims total $55,000 and the premium is $25,000 what is the loss ratio?
a 45%
b 220%
c .45%
d .22%
2. A surplus lines carrier is:
a licensed in every state
b a good place to find insurance if a standard insurance company can't write the insurance
c usually less expensive
d the first place to try and get the best insurance option
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