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Insurance
?
Which of the following actions must be taken by a line underwriter if policy limits on an
application exceed the line underwriter’s binding authority?
Seek approval from supervisory personnel within the underwriting department.
Accept the application but reclassify the loss exposure.
Accept the application and ignore binding authority restrictions.
Decline the application
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
A
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