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Brooke
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Asked: 2021-08-07T18:41:56+00:00 In:

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?

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(A) Seek approval from supervisory personnel within the underwriting department.
(B) Accept the application but reclassify the loss exposure.
(C) Accept the application and ignore binding authority restrictions.
(D) Accept the application as a favor to the producing agent or broker.
(E) Decline the application.

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  1. Brooke
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    Enlightened

    (A) Seek approval from supervisory personnel within the underwriting department.

    (A) Seek approval from supervisory personnel within the underwriting department.

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