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All of the following are correct except: A. Underwriting risk for property casualty firms is estimated by the combined ratio. B. The property casualty industry
All of the following are correct except:
- A. Underwriting risk for property casualty firms is estimated by the combined ratio.
- B. The property casualty industry is smaller than the life insurance industry.
- C. Life insurance companies invest in private placement bonds and junk bonds.
- D. Insurance companies like other financial institutions are regulated at the federal level.
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