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Question 30 (2 points) Which of the following is NOT a reason to conduct a premium audit? 1) Determine the correct premium 2) Satisfy regulatory requirements 3) Inhibit fraud 4) Assist with claims adjusting Question 31 12 points) The ratio of business written to business quoted is an example of which of the following? 1) Retention ratio 25 Hit ratio 31 Operating ratio 52 logo 6 7 7 8 9 o T T O P G H K v B N M UN Question 31 (2 points) The ratio of business written to business quoted is an example of which of the following 11 Retention ratio 2 Hit ratio 31 Operating ratio 4 Capacity ratio Question 322 points An insured who takes a proactive approach to risk control and safety will have a collection of policies and procedures in place to provide direction and what to do a number of safety-related areas. This colection is known as an 11 Written syrom 2 Risk management protocol 5 6 5 T D G H IL || 1 CT N M Question 32 12 points An insured who takes a proactive approach to risk control and safety will have a collection of policies and procedures in place to provide direction and what to do in a number of safety related areas. This collection is known as an 1) Written safety program 2) Risk management protocol 3) injury avoidance handbook 41 Risk control manual Question 33 12 points It is a vital part of the whole underwriting process that an underwriter adhere to the level of underwriting authority given to him or her. The main benefit achieved by 1 That individush makineris selection decisions at each level have the 15 6 7 8 0 o 7 y O P G H K B N M 3