Which of the following statements about the investments of property an

Which of the following statements about the investments of property and liability insurers is (are) true?

I. Income from investments is important in offsetting any unfavorable underwriting experience.
II. Because premium income is continually being received, the investment objective of liquidity is of little importance.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A