Which step in the underwriting process is represented when the underwriter reviews the application, risk control reports, and financial information from a financial rating service?

Select one: A. Implement the underwriting decision B. Gather the necessary information C. Make the underwriting decision D. Monitor the underwriting decision Question 17 ID# 5876346 Points: 1 Not flagged Flag Question Question text A surplus lines underwriter decides to accept a property submission but endorses the policy to exclude all losses resulting from explosion regardless of cause. This is an example of modifying the

Select one: A. Policy premium. B. Policy provisions, deductibles, or limits. C. Insurer's retention through facultative reinsurance. D. Loss exposure through risk control. Question 18 ID# 5876338 Points: 1 Not flagged Flag Question Question text One factor that may dictate a surplus lines insurer's classes of business is the

Select one: A. Level of accounting expertise available to the insurer. B. Individual and business tax rate in the insurer's state of domicile. C. Surplus lines insurer's reinsurance program. D. Laws governing ownership of insurers in the state of domicile. Question 19 ID# 5876337 Points: 1 Not flagged Flag Question Question text Regulation affects the type of business a surplus lines insurer writes because

Select one: A. Regulations sometimes prohibit reinsurers from providing reinsurance for surplus lines insurers. B. States heavily regulate the financial condition of eligible surplus lines insurers. C. The insurer's financial rating may prohibit writing certain classes of business. D. Some states mandate that certain classes of business be written by admitted insurers. Question 20 ID# 5876339 Points: 1 Not flagged Flag Question Question text A surplus lines insurer is interested in writing open-perils property coverage on orange tree groves. Which one of the following factors affecting a surplus lines insurer's decisions about what products to offer would be most important in this case?

Select one: A. Operating states B. Taxation C. Processing requirements D. Regulation Question 21 ID# 5876311 Points: 1 Not flagged Flag Question Question text In the surplus lines marketing system, an underwriting manager

Select one: A. Operates through syndicates of members who provide capital and accept surplus lines risks. B. Places business with a number of surplus lines insurers and usually operates within its state of domicile. C. Acts on behalf of a single insurer and assumes the role of a branch office for that insurer. D. Represents one or more insurers and generally has binding authority. Question 22 ID# 5876325 Points: 1 Not flagged Flag Question Question text In which step in the transaction process used by surplus lines intermediaries does the surplus lines intermediary analyze loss exposures and understand the rating process for that exposure?

Select one: A. Preparing the submission B. Qualifying the submission C. Submitting the account D. Presenting the quotes