Question: Underwriter Smith has just received a submission for windstorm coverage for a coastal South Carolina risk with an inception date of September 1. Which one

Underwriter Smith has just received a submission for windstorm coverage for a coastal South Carolina risk with an inception date of September 1. Which one of the following would be the most likely reason that Smith might decline writing this risk? Available answer options Select only one option A He suspects adverse risk selection. B His company has inadequate surplus. C The risk came from a marginal producer. D The risk is above his underwriting authority

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 Accounting Questions!

Q:

Oak Street Clinic, a not-for-profit, began 2015 with the following account balances on January 1: $ 70,000 245,000 18,000 24,000 1,500,000 300,000 21,000 Cash Accounts receivable Allowance for...

Q:

Underwriter Smith has just received a submission for windstorm coverage for a coastal South Carolina risk with an inception date of September 1. Which one of the following would be the most likely...

Q:

Underwriter Smith has just received a submission for windstorm coverage for a coastal South Carolina risk with an inception date of September 1. Which one of the following would be the most likely...

Q:

Underwriter Smith has just received a submission for windstorm coverage for a coastal South Carolina risk with an inception date of September 1. Which one of the following would be the most likely...

Q:

Underwriter Smith has just received a submission for windstorm coverage for a coastal South Carolina risk with an inception date of September 1. Which one of the following would be the most likely...

Q:

Can someone do 5-11 in the Internal Audit program file( some parts may have errors) to do this you will need to use the case appendix D to answer the questions also please answer one of the questions...

Q:

Can someone do 5-11 in the Internal Audit program file( some parts may have errors) to do this you will need to use the case appendix D to answer the questions also please answer one of the questions...

Q:

From 1998-2006 there were four large, well-funded competitors in the regional theme park industry. In order: Six Flags, Cedar Fair, Paramount Parks, and Busch Entertainment. Of these, Cedar Fair was...

Q:

Cedar Fair CaseCompanion Case to Six Flags CaseFrom 1998-2006 there were four large, well-funded competitors in the regional theme park industry. Inorder: Six Flags, Cedar Fair, Paramount Parks, and...

Q:

Based on the text material and the case material, answer the following questions: Who are Publixs competitors and why would they be likely to take action against Publix? How do you think Publix could...

Q:

Hello tutor Please find the attached instruction file and use the template for solving this question. If you have any question about the problem please contact me. Thanks Your Course Project...

Q:

Craig Manufacturing Company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun Sales $120,000 $90,000 $95,000 $100,000 Commission...

Q:

If y = 5^x/cot x, then y =

Q:

Given the integral: \ int ( 2 8 ) / ( x ^ ( 2 ) \ sqrt ( x ^ ( 2 ) + 4 9 ) ) dx A . Which trig substitution should be used for this integral? x = 4 9 tan ( \ theta ) x = 7 sin ( \ theta ) x = 4 9 sin...

Q:

The management accountant at Miller Merchandising & More, Odail Russell is in the process of preparing the cash budget for the business for the fourth quarter of 2021. It is customary for the...

Q:

The current spot rate on the Euro is 0.59 per $1. U.S. Treasury bills are yielding 3 percent. The rate on a risk-free European asset is 1 percent. What is the approximate 4-year forward rate if...

Q:

Describe the feasibility analysis that Keurig Kold should have conducted prior to the Kolds debut. Do you think Keurig would have produced the same product if theyhad followed your recommendations?...

Q:

Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000 in each of three years. Project 2 will return $5,000 in year 1,...

Q:

How many hours should it take an articulated wheel loader equipped with a 4-yd (3.06-m 3 ) bucket to load 3000 cu yd (2294 m 3 ) of gravel from a stockpile into rail cars if the average haul distance...

Q:

Step One: Using a company with which you are familiar, create a Blue Ocean Value Canvas and post it to the discussion board. Step Two: Using the same company from step one, provide a detailed...

Q:

5. How is communication affected by how we demarcate the boundaries of a problem?

Q:

7. How does the framing of a situation affect the situation regarding communica-tion?

Q:

1. To generate a discussion on the concept of roles