Coverage of Risks That Do Not Fit Normal Underwriting Patterns

question 85

Multiple Choice

Coverage of risks that do not fit normal underwriting patterns and that are not commensurate with standard rates is normally refers to as:

• A) Surplus lines
• B) Commercial lines
• C) Risk lines
• D) Standardized lines

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love, esteem, and self-actualization, in that order.

Herzberg's Motivation-Maintenance Theory

A theory suggesting there are two factors that influence an employee's motivation and satisfaction: motivators and hygiene factors.

Grit

A psychological trait based on an individual's passion for a particular long-term goal coupled with a powerful motivation to achieve their respective objective.

Characteristics

Traits or attributes that distinguish individuals, objects, or phenomena from each other.