Question 24

Surplus line direct written premiums reached a record _____________________ in 2022. Surplus line premium growth was led by commercial property, commercial auto, umbrella and excess liability, cyber, and professional liability coverages.

Group of answer choices

98.5 Billion

98.5 Million

9.5 Billion

9.5 Million

Question 25

The consumer groups testified that they are not opposed to the use of models in ratemaking, however, they are opposed to models developed by _________ companies.

Group of answer choices

private

public

rating

strong

Question 26

Insurance company associations contended that the departments current regulations have a bias to understate risk. The associations asserted that models provide_______________ to insurers and consumers.

Group of answer choices

confidence

accurancy

proof

Question 27

Does the Acord 80 ask about bankrupties?

Group of answer choices

True

FalseQuestion 28

Modeling companies said that their ________ use sophisticated scientific analysis to determine wildfire risk. They contended that the use of models helps insurers achieve an accurate and fair assignment of risk to insured properties.

Group of answer choices

models

examples

calculations

Question 29

How many pages are there to an Acord 80?

Group of answer choices

6

5

4

7