Which of the following statements is (are) true concerning investments

Which of the following statements is (are) true concerning investments of property and casualty insurers and life insurers?

I. Property and casualty insurance companies place greater emphasis on liquidity than do life insurers.
II. Life insurance company investments are, on average, of longer duration than property and casualty insurance company investments.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C