i need answers please only the answer

QUESTION 20 ARJAM Insurance Company has an overall operating ratio of 1.2, based on this which of the following statements is true? O ARJAM is profitable 4 O The market has an overall operating ratio is 0.9, this means ARJAM is better than the market. It's closest competitor has an overall operating ratio of 1.9, this means ARJAM is worse than this competitor. None of the above are true. TION 12 Which of the following is a fundamental purpose of the principle of indemnity? O to reduce moral hazard to minimize physical hazards to settle property insurance losses on a replacement cost basis to require deductibles in all property insurance policies QUESTION 13 When a fraternal insurer began operations, it asked each member, regardless of age, to pay $20 per month to the fraternal's group life nsurance plan. In exchange, each member received the same amount of life insurance. Soon younger members of the group began to drop out when they realized their premiums were subsidizing a group with a higher chance of loss. Which important underwriting principle was violated in this case? An underwriting profit should be attained. Moral hazard should be avoided. Insureds should be selected according to underwriting standards. O There should be equity among policyholders 1 pos