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Author Question: Which of the following statements about Lloyd's of London is true? A) Coverage is actually ... (Read 14 times)

nevelica

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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

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


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