Which of the Following Statements Is (Are)true Concerning the Self-Insured

question 30

Multiple Choice

Which of the following statements is (are) true concerning the self-insured retention (SIR) under a commercial umbrella liability policy?
I.The SIR applies to claims covered by the umbrella policy but not by any underlying insurance.
II.The SIR only applies to those claims for which the underlying policy has paid first,and the umbrella policy is paying on an excess basis.

• A)I only
• B)II only
• C)Both I and II
• D)Neither I nor II

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Definitions:

Impulse

A sudden strong desire or urge to act without deliberate thought, often leading to unplanned reactions.

Rapes

Acts of sexual assault involving non-consensual sexual intercourse or other forms of sexual penetration.

Committed

Refers to being dedicated or bound to a cause, activity, or relationship.

Rape Fantasies

Imaginary scenarios that involve the arousal from the thought of non-consensual sex, sometimes held by both men and women, and deeply rooted in complex psychological factors.