e insured owns a personal umbrella liability insurance policy that has been in effect for more than 5 years. The insurance company will be able to  nonrenew the policy for all of the reasons indicated below except The insured was convicted of a misdemeanor The insured’s producer had its agency contract terminated by the insurance company The primary automobile insurer is not A-rated for financial solvency The insured’s home was damaged due to weather related losses only

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The insured owns a personal umbrella liability insurance policy that has been in effect for more than 5 years. The insurance company will be able to  nonrenew the policy for all of the reasons indicated below except

  1. The insured was convicted of a misdemeanor
  2. The insured’s producer had its agency contract terminated by the insurance company
  3. The primary automobile insurer is not A-rated for financial solvency
  4. The insured’s home was damaged due to weather related losses only
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