Describe example of a surplus line of insurance


Question: Cyber Insurance is an example of a surplus line of insurance. If a state has designated a line of insurance as surplus (in this case Cyber) it has which of following relationships to admitted lines. (Select all that apply) Group of answer choices It is harder to predict losses than an admitted line It is easier to predict losses than an admitted line It has more regulation than an admitted line It has less regulation than an admitted line There is less regulation but pricing and contract structure are still tightly regulated

 

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Other Subject: Describe example of a surplus line of insurance
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