Which of the following best describes an umbrella insurance policy?
A) A policy that covers risks to a business
B) A policy that covers more than one type of risk
C) A policy that covers damage only if it was caused by rain
D) A policy that provides coverage beyond the dollar limits of the insured's other policies
E) A policy that combines life insurance and fire insurance protection
D
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A qualified indorsement protects subsequent indorsers from liability
Indicate whether the statement is true or false
A layout is the physical arrangement of human and capital resources used by processes clustered together into operations
Indicate whether the statement is true or false
All of the following are reasons for a primary insurer to use reinsurance EXCEPT
A) to increase the unearned premium reserve. B) to increase underwriting capacity. C) to protect against catastrophic losses. D) to stabilize profits.
______ is the feeling of affiliation and association with the organization.
A. Reliability B. Civility C. Identification D. Appreciative inquiry