One of the additional tasks within the underwriting division that an insurer that grants binding authority to others must pertorm is to Select one: A. Implement the underwnting decision to accept, reject, or accept with modifications. B. Monitor the underwiting decision at renewal. C. Select the classes of busness to be included in the binding authority. D. Make the underwriting decision based on hazards. One way in which financial rescurces affect a surplus lines insurer's decisions about what products to offer is that Solect one A. Higher premums during a hard market contribute to greater competition. B. Products offered in some states have mere favorable regulatory environments for taxation and reinsurance. C. Insurers must maintain an acceptable premium-to-burplus ratio for each class of business. D. Some products have higher tax rates as a percentage of premiums written. An insurec is domiciled and licensed in only New York and meets the cnteria imposed by Pernsylvania's surplus lines luw. In Pennsylvania, this insurer would be considered Select one A. A foreign nonsdmitted insurer. B. A domestic admitted insurer. C. An alien surplus lines insurer, D. An eligible surplus lines insurer. A start-up business is exploring the possibility of bulding underwater communites where residents would live, work, and play. A surplus lines insurer would be a good choice for this company primarly because. Select one A. Admated insurers would be unable to expand their coverage territory to cover this exposure. B. Admitted insurers would charge excessive premaing to insure the exposures of this business. C. Rogutations aftecting the business would be too cumbersome for admitted insururs to manage. D. Surplus ines insurers are uble to identity and respond to newly emerging nsks and meet the insurance needs of those cuttomers. The quality of the insurer's claim-handing is Select one A. Rarely a determining factor in an account's purchasing decision. B. An estiential element of the insurance product. C. Unrelated to the services provided by most insurance products. D. Irrelevant to insureds with lage deductibles