Rplu 18 - Study guides, Class notes & Summaries

What factors regarding Territory affect UW rates, and why? - ️️* Some states are more litigious since individuals may be more likely to sue * Courts in states may have set precedents making it easier to collect from design firms * Location of home office determines the state rate * Need additional licenses to practice in other states * Coastal regions are issues * California, Florida, and New Jersey are tough and may pay more for E&O insurance What were some of the key findings of the ...

RPLU 18 - Exam questions and Answers Verified 100% Correct Latest Update

RPLU 18 - Exam Questions & Answers

RPLU 18 - Exam Questions And Answers 100% Pass What does a limitation of liability clause do? - answerAllocates potential liability between contractual parties. * Also includes a maximum dollar amount of liability What is the difference between Mediation & Arbitration? - answerMediation is less formal and non- binding, whereas Arbitration is sometimes required, more formal, and can be binding. Who is covered under a policy? - answer1) Named Insured/Policyholder 2) Active officers or emplo...