The capacity of the insurance industry is defined as: Select one: O a. The relative level of assets in the insurance industry. O b. The relative level of liabilities in the insurance industry. O c. The relative level of surplus in the insurance industry. O d. The relative level of reserves in the insurance industry. All statements regarding retirement benefits under pension plans are correct EXCEPT: Select one: O a. Under flat dollar amount for each year of service. your benefit will increase as the number of years of service increases. O b. Under a flat percentage of annual earnings defined benefit formula, each employee receives the same dollar benefit. O c. Under flat amount for each employee defined benefit formula. each employee receives the same dollar benefit. Od. A unit-benefit formula considers both eamings and years of service