In view of the relationship of surplus to premiums that may be written, a severe decline in
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“In view of the relationship of surplus to premiums that may be written, a severe decline in the stock market is likely to serve as a brake on price-cutting practices.”
Explain the rationale behind this observation.
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Related Book For
Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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