Author Question: Pro forma estimates of cash flows are rarely if ever correct. Indicate whether the statement is ... (Read 65 times)

Metfan725

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Pro forma estimates of cash flows are rarely if ever correct.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements about the typical commercial umbrella policy is (are) true?
 
  I. The policy is designed to cover only those loss exposures specifically excluded by the underlying insurance contracts.
  II. The policy is excess over the required underlying coverages.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



momo1250

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Answer to Question 1

TRUE

Answer to Question 2

Answer: B



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