The combined ratio is the sum of the:

a. Loss ratio and Investment Income ratio

b. loss ratio and expense ratio

c. Investment income ratio and expense ratio

d. Investment Income ratio and Quick ratio

Legacy Corp. leadership has decided to opt for self-funding of its employee medical benefits. Legacy executed a contract with a commercial health insurance company providing that the health insurance company will pay all claims in excess of $350,000. The arrangement with the health insurance company is called:

a. stop-loss insurance

b. reinsurance

c. managed care

d. consurance