Which of the Following Is Covered by Umbrella Policies

question 24

Multiple Choice

Which of the following is covered by umbrella policies?

• A)Personal injury liability
• B)Obligations under workers' compensation
• C)Owned or rented aircraft without underlying coverage
• D)Property damage to any property in the care, custody, or control of the insured
• E)Any act committed by or at the direction of the insured with intent to cause personal injury or property damage

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Definitions:

Business Spending

The expenditure by businesses on goods and services, including capital goods and labor.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.

Recession

Cyclical economic contraction that lasts for six months or longer.

Deregulation

Regulatory trend toward elimination of legal restraints on competition in industries previously served by a single firm in an attempt to improve customer service and lower prices through increased competition.