Question: Smiley Construction has an excess liability policy that covers a claim in excess of the underlying limits only if the loss is covered by the

Smiley Construction has an excess liability policy that covers a claim in excess of the underlying limits only if the loss is covered by the underlying insurance. The excess policy does not contain any provisions that conflict with the underlying policy. Which one of the following types of excess liability policy does Smiley Construction have? Available answer options Select only one option A Self-insured excess liability policy B Combination excess liability policy C Following form excess liability policy D Self-contained excess liability policy

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!