For a one-year policy covering losses that take several years to develop, all of the following ratios are likely to be revised for several years following the policy period, EXCEPT:

For a one-year policy covering losses that take several years to develop, all of the following ratios are likely to be revised for several years following the policy period, EXCEPT:



A. Expense ratio
B. Combined ratio
C. Loss ratio
D. Overall operating ratio


Answer: A. The loss ratio, combined ratio, and overall operating ratio all would change as the losses develop for several years after the policy period.

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