Problem 1: Describe what makes underwriting any liability risk a unique challenge when compared with underwriting other lines of insurance.
Problem 2: Explain what is meant by the ABC Rule and how this rule applies.
Problem 3: Identify and discuss the TWO (2) ways civil law in Canada may impose legal liability under common law.
Problem 4: Which one of the two ways (see #3) should you as a liability underwriter be most concerned about? What would you need to determine?