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Which is false? The combined ratio for a financial institution (FI): A. when the ratio is above 100, the FI is earning an underwriting profit.

Which is false? The combined ratio for a financial institution (FI):
  • A. when the ratio is above 100, the FI is earning an underwriting profit.
  • B. combines both loss and expense ratios.
  • C. is used primarily by property casualty insurance firms.
  • D. measures underwriting performance.

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