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Other Fields Homework Help Insurance Topic started by: AzJose on Jul 5, 2017



Title: Which of the following statements about an excess insurance plan is true?
Post by: AzJose on Jul 5, 2017
Which of the following statements about an excess insurance plan is true?
A) The insurer does not participate in a loss until it exceeds the amount the firm has decided to retain.
B) The insurer pays first up to some specified level; the insured then pays all losses exceeding the insurer's retention level.
C) Losses in excess of a specified amount are not covered.
D) The insured and insurer share equally in any loss that occurs.


Title: Re: Which of the following statements about an excess insurance plan is true?
Post by: ownzore3 on Jul 5, 2017
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Title: Re: Which of the following statements about an excess insurance plan is true?
Post by: AzJose on Jul 8, 2018
Correct and thanks!