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You are an underwriter for AllRisk Insurance Company who received an application for a commercial automobile program from the Boreal Trucking Company. What do you need to verify before you decide? You now need to review the value of 10 commercial automobiles owned by Boreal, for the use of their senior managers. Will you use MSRP or CLEAR? Why? A number of these are autonomous vehicles. What are your queries and concerns? You also need to review the drivers of the vehicles and the trucking company's hiring practices. What information will you require from the trucking company and why? You completed your investigation and decide you want to insure this risk because the applicant will bring a substantial amount of additional business to the insurer. If you're concerned about any information previously obtained and find the risk doesn't meet the insurer's guidelines, what can you do to make the risk acceptable to the insurer? 40 points. You are an underwriter for AllRisk Insurance Company who received an application for a commercial automobile program from the Boreal Trucking Company. What do you need to verify before you decide? You now need to review the value of 10 commercial automobiles owned by Boreal, for the use of their senior managers. Will you use MSRP or CLEAR? Why? A number of these are autonomous vehicles. What are your queries and concerns? You also need to review the drivers of the vehicles and the trucking company's hiring practices. What information will you require from the trucking company and why? You completed your investigation and decide you want to insure this risk because the applicant will bring a substantial amount of additional business to the insurer. If you're concerned about any information previously obtained and find the risk doesn't meet the insurer's guidelines, what can you do to make the risk acceptable to the insurer? 40 points.
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You are an underwriter for Allrisk Insurance Company who received an application for a commercial automobile program from the Boreal Trucking Company What do you need to verify before you decide The r... View the full answer
Related Book For
Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson
Posted Date:
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