Question

Insurance company "fleets" or groups

	a.	Collectively write an insignificant share of total premiums in this country
	b.	refer to the ocean marine segment of the insurance market
	c.	may include life insurers and property and liability insurers
	d.	all of the above

Answer 1

Option c is true

Insurance company fleets or groups refer to multiple insurance companies operating under common ownership and management. Initially the insurance groups or fleets limited their operations to property and liability insurance but thereafter they expanded to Life Insurance as well.

There’s no evidence to suggest that these groups collect the major portion of premium in the country. It does not refer to marine segment of insurance.