Question: please help with all ill give you a thumbs up!!! Question 28 Question text A resort in eastern Washington state has expanded its property to
please help with all ill give you a thumbs up!!!
Question 28
Question text
A resort in eastern Washington state has expanded its property to the extent that it requires a building property blanket limit of $20 million. A surplus lines insurer would be a good candidate for this coverage primarily because admitted insurers
Select one:
A. Have little expertise in insuring resort property exposures.
B. Seldom have the capacity to write a risk of this size.
C. Would be unwilling to write business in this territory.
D. Do not have the appropriate forms and endorsements to cover such property.
Question 29
ID# 5876297 Points: 1
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A primary reason that a surplus lines insurer would be the best choice for providing single event liability and event cancellation insurance is
Select one:
A. Unusually high limits that the risk requires.
B. Underwriting expertise and specialty forms for this exposure.
C. Reduced premiums when compared to the admitted market.
D. Excessive loss frequency making the risk unacceptable to admitted insurers.
Question 30
ID# 5876294 Points: 1
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The quality of the insurer's claim-handling is
Select one:
A. An essential element of the insurance product.
B. Irrelevant to insureds with large deductibles.
C. Rarely a determining factor in an account's purchasing decision.
D. Unrelated to the services provided by most insurance products.
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