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JamesLu JamesLu
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6 years ago
The bar at the local franchise of a national chain continued to serve a drunk customer. The customer left the bar and tried to drive home. The drunk driver hit and killed three people who were riding bicycles. The legal representatives of those who were killed filed a multi-million dollar lawsuit against the national chain. As jury awards in the city where the incident occurred tend to be high, insurers marketing liquor liability insurance refused to issue new coverage until the case was resolved. Because no admitted insurers were willing to offer the coverage, liquor liability in this case is considered a(n)
A) residual line.
B) mandatory coverage.
C) orphan policy.
D) surplus line.
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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6 years ago
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JamesLu Author
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6 years ago
Smart ... Thanks!
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DragonHeart
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2 hours ago
Correct Slight Smile TY
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