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Which one of the following formulas best illustrates an insurer's loss ratio? Available answer options Select only one option A (Incurred losses Earned premiums) +

Which one of the following formulas best illustrates an insurer's loss ratio? Available answer options Select only one option A (Incurred losses Earned premiums) + (Incurred underwriting expenses Written premiums) B Net investment income Earned premiums C Incurred losses Earned premiums D Written premiums Policyholders' surplus

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