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JamesLu JamesLu
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7 years ago
Which of the following statements about methods for estimating loss reserves for property and casualty insurers is (are) true?
I.   The judgment method involves the use of a statutory formula to estimate the loss reserve.
II.   The average value method is used when the number of claims is large and the claims are settled quickly.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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wrote...
7 years ago
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JamesLu Author
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7 years ago
Thank you
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