Which of the Following Statements About a Typical Personal Umbrella

question 28

Multiple Choice

Which of the following statements about a typical personal umbrella policy is (are) true?
I.Losses covered under an underlying policy and the umbrella policy are settled on a pro rata basis.
II.Losses not covered by the basic underlying contracts are subject to a self-insured retention which typically is at least $25,000.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Attachment Phases

Stages through which a child develops close emotional bonds with caregivers, including pre-attachment, attachment in-the-making, clear-cut attachment, and formation of reciprocal relationships.

Maltreatment

Inappropriate or harmful treatment towards an individual, often referring to physical, sexual, emotional abuse, or neglect, particularly in contexts of caregiving.

U.S. Department Of Health And Human Services

A cabinet-level department of the U.S. federal government responsible for protecting the health of all Americans and providing essential human services.

Child Abuse

Any act by a caretaker, whether through action or failing to act, that results in harm, potential for harm, or threat of harm to a child.