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Ratio of the company's total net paid losses during the current year plus the change in loss reserves since the prior year end to the current year premiums earned.

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Well, elements and compounds are pure substances. This is because the atoms in an elements are of one type only. Thus making it pure. But in a compound, the ratio of the masses of the combining elements or compounds are fixed. For example, the ratio for hydrogen and oxygen to combine together to form water is 1:8. Therefore the compound is also a pure substance. But homogenous mixtures are not pure substances as the components can be mixed in any ratio. We can make brine solution by mixing any amount of salt and water. There is no fixed ratio. So homogenous mixtures are not pure.


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