CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

Which statement is correct regarding property and casualty insurance companies?

A. The length of their duty to perform is usually short.
B. The event being covered is often unknown and unpredictable.
C. Their claims are more predictable than those of L&H insurers'.
Correct Answer: A

The event is often known with certainty, e.g. fire or weather events. Their claims are more variable.

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