Question: Coverage may be deemed to be unavailable except through a surplus lines carrier for any of the following reasons, EXCEPT: The surplus lines carriers can
Coverage may be deemed to be unavailable except through a surplus lines carrier for any of the following reasons, EXCEPT:
The surplus lines carriers can generally provide the type of insurance sought for a lower premium.
An extreme increase in premium made coverage inaccessible in any practical sense.
Applications were declined by authorized carriers
Admitted insurers offered such reduced levels of coverage that finding the needed insurance was in practice not possible
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
