AU 60 Exam Study Questions and Answers
TRUE/FALSE: Building or premises is one example of an ISO's Commercial Lines Manual (CLM)
classification - Answer-TRUE
A book of business is a group of policies with common characteristics such as:
-_______
- type of ______
- policies written by a partic...
A temporary agreement providing insurance coverage until the formal policy is issued -
Answer✔✔-binder
What is the final step in the underwriting process? - Answer✔✔-6. Monitor underwriting
decision
Selecting insureds is typically the responsibility of a:
A. Field Underwriter
B. Corporate Underwriter - Answer✔✔-A. Field Underwriter
Ensuring accurate classification and pricing is typically the responsibility of a:
A. Field Underwriter
B. Corporate Underwriter - Answer✔✔-A. Field Underwriter
Recommending or providing coverage is typically the responsibility of a:
A. Field Underwriter
B. Corporate Underwriter - Answer✔✔-A. Field Underwriter
Managing a book of business is typically the responsibility of a:
A. Field Underwriter
B. Corporate Underwriter - Answer✔✔-A. Field Underwriter
Supporting producers and insureds is typically the responsibility of a:
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