Question # 3

Which of the following is a requirement for most umbrella liability policies to respond to claims?

Options:

A.

The insured must pay a flat fee for each claim

B.

Underlying liability policies must be maintained at specified minimum limits

C.

The umbrella must be the only liability coverage in place

D.

The insured must purchase reinsurance directly

Viewing question 3 out of 75 questions
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