Identify the Correct Statement About Umbrella Policies

question 49

Multiple Choice

Identify the correct statement about umbrella policies.

• A)Like liability policies, they provide first-dollar coverage.
• B)They cover only those exposures that are covered by the underlying policies.
• C)Their main purpose is to increase the limit of liability of underlying policies.
• D)They do not cover personal injury liability.
• E)In these policies, a deductible is applied when there is no underlying coverage for a covered exposure

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Definitions:

Antidepressants

Antidepressants are medications used to treat various mood disorders, including major depressive disorder and anxiety disorders, by adjusting levels of neurotransmitters in the brain.

Generalized Anxiety Disorder

A persistent condition marked by enduring, intense concern and fear about generalized daily activities, items, and circumstances.

Self-Worth

An individual's subjective valuation of themselves, often impacting their mental health and how they interact with the world.

Dimensional Approach

A method of understanding psychiatric disorders that conceptualizes them on a continuum rather than as distinct categories, assessing the degree to which symptoms are present.