Barkmere Construction, a U.S. based company, has international operations. The CRO has determined several years ago that a controlled master program to insure all of its operations is most favorable. Which one of the following related to a controlled master program is most accurate? Group of answer choices A U.S. company is required to purchase all of the coverages through locally admitted insurers. The master policy is excess over locally purchased admitted coverage and can be broader than the underlying policies. Usually there are separate policies for the domestic U.S. exposures. Excess and umbrella liability apply only to coverage on U.S. operations