Question: In the surplus lines marketing system, a complex organization with several offices located in various parts of the country offering many kinds of surplus lines


In the surplus lines marketing system, a complex organization with several offices located in various parts of the country offering many kinds of surplus lines coverage and special programs for certan classes of business is most likely called Select one A. A national wholesaler. B. A retail producer. C. A Loyd's broker: D. An independent wholesale brokec: To satisfy the diligent search requirement, state laws and regulations often specily the Seloct one: A. Names of imarers that must decline the riak. B. Number of declinations neoded. C. Amount of time required to complete a diligent search. D. Locations of insurers that must decline the risk. One function performed by surplus ines intermediaries that is not performed by retal agents is Sevect one: A. Prospecting. B. Maintaining documentation. C. Solling. D. Filing diligent search affidavits. In addition so general functions performed by surplus lines intermediaries, one of the additional functions of a whiclesale broker is to Select one A. Prepare complete submissions for surplus lines underwriters. B. Collect premium taxes. C. Maintain documentation. D. Provide counsoling to identify loss exposures. Regulation affectn the type of business a surplus lines insurer writes because Select one A. Regulations somotimes prohibit reirsurers from providing rensurance for surplus lines ineurors. B. States heavily regulate the financial condition of eligible surplus lines insurors. C. The insurer's financial rating may prohibit writing certan classes of businoss. D. Some states mandate that certan classes of business bo written by admittod insugers
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