Which of the following condition MUST apply to purchase coverage through a surplus lines carriers: A surplus lines carrier is required to file rates with the insurance commissioner Coverage must be procured through a licensed surplus lines producer Surplus lines carriers must participate in the State Guarantee Fund The producer may make only one attempt through admitted carriers prior to providing surplus lines coverage
Which of the following condition MUST apply to purchase coverage through a surplus lines carriers: A surplus lines carrier is required to file rates with the insurance commissioner Coverage must be procured through a licensed surplus lines producer Surplus lines carriers must participate in the State Guarantee Fund The producer may make only one attempt through admitted carriers prior to providing surplus lines coverage
Chapter25: Monopoly
Section: Chapter Questions
Problem 13E
Related questions
Question
Which of the following condition MUST apply to purchase coverage through a surplus lines carriers:
- A surplus lines carrier is required to file rates with the insurance commissioner
- Coverage must be procured through a licensed surplus lines
producer - Surplus lines carriers must participate in the State Guarantee Fund
- The producer may make only one attempt through admitted carriers prior to providing surplus lines coverage
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![EBK HEALTH ECONOMICS AND POLICY](https://www.bartleby.com/isbn_cover_images/9781337668279/9781337668279_smallCoverImage.jpg)
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![EBK HEALTH ECONOMICS AND POLICY](https://www.bartleby.com/isbn_cover_images/9781337668279/9781337668279_smallCoverImage.jpg)