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JamesLu JamesLu
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7 years ago
Which of the following statements about a typical personal umbrella policy is (are) true?
I.   Losses covered under an underlying policy and the umbrella policy are settled on a pro rata basis.
II.   Losses not covered by the basic underlying contracts are subject to a self-insured retention which typically is at least $25,000.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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7 years ago
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