Question 3 2.5 pts All of the following statements about evaluating or responding to underwriting results are true EXCEPT Insurers that have suffered significant underwriting losses are more likely to tighten their underwriting standards (i.e., make more severe). A decision to pursue a significantly more relaxed underwriting policy will likely result in higher premiums written. Many insurers use the premium to surplus ratio as the key metric for underwriting performance. Although not necessarily a signal of bad underwriting decisions, losses from major catastrophes can cause distortions in evaluating underwriting performance