Exam DISC-RM Practice Question 201
Study guide: Exam DISC-RM
An insurer's commercial property guide grants this authority:
- Producer: approved classes, total insured value (TIV) up to $1,500,000, no loss over $20,000 in the past three years.
- Line underwriter: approved classes, TIV up to $8,000,000, any loss history.
- Senior underwriter: approved and borderline classes, TIV up to $20,000,000.
- Home office: everything else.
A submission is a print shop, a borderline class, with TIV of $1,200,000 and no losses. Who must decide it?
- A) The producer, because its value and loss history are both within the producer's limits
- B) The line underwriter, because the account is small and has no losses at all
- C) The senior underwriter, because only that level may accept a borderline class
- D) The home office, because borderline classes always go to the top level
Answer this question and see the worked solution