« previous next »

Author Question: Which of the following statements about Lloyd's of London is true? A) Coverage is actually ... (Read 42 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jul 11, 2018
Which of the following statements about Lloyd's of London is true?
 
  A) Coverage is actually written by syndicates who belong to Lloyd's of London.
  B) New individual members or Names who belong to the various syndicates have unlimited legal liability.
  C) It operates as an admitted insurer throughout the United States.
  D) It allows underwriters to write coverage without meeting stringent financial requirements.

Question 2

Which of the following statements about reciprocal exchanges is (are) true? I. Reciprocal exchanges usually specialize in health insurance. II. Reciprocal exchanges are unincorporated mutual insurance companies.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


SVictor

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
True Friendship True Friendship
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
Frank Lloyd Wright, Robie House, South Woodlawn, Chicago, Illinois. Frank Lloyd Wright, Robie House, South Woodlawn, Chicago, Illinois.
Members of Sierra Leonean Diaspora Community in London Members of Sierra Leonean Diaspora Community in London
Video: Introduction to Autism

For a complete list of videos, visit our video library