Part 20. In a surplus lines insurance submission, the surplus lines insurer may agree to quote...

Part 20. In a surplus lines insurance submission, the surplus lines insurer may agree to quote the customer’s submission without a new inspection if the customer submits which one of the following to the insurer?

Select one:

a. Annual report

b. Risk control report

c. Form 10-K

d. Financial statement

Solutions

Expert Solution

A risk control report is one, which contains the result of a physical inspection conducted previously by the individual’s risk control representative. As analysis of a risk control representative is already being submitted, then there is no need for a new inspection.

Answer: Option b

keosha answered 1 year ago

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