In paragraph 2, the insurance industry is described as...
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In paragraph 2, the insurance industry is described as...

Your answers to questions 44 to 46 must be based on the text below, which is entitled ''Financial and Market Conditions'':

In paragraph 2, the insurance industry is described as cyclical. Thus, it is characterized by elements which


a

seldom occur again.


b

are hardly identifiable.


c

do not follow a noticeable pattern.


d

are regularly repeated.


e

vary both in length and degree.