One way in which core operations for a surplus lines insurer differ from those of an admitted insurer is that Selvet one A. Surplus lines insurers rarely need specialzed claims handing expertise. B. Surplus lines underwriters need highly specialized expertise in the target market niche. C. Their focused differentiation strategy allows surplus lines insurers to diversify their market segments more easily. D. Relationships with intermediaries with binding authonity can be more loosely formed and managed. Before accepting a submission, a surplus lines underwriter insats that the fisk provide sensitivity training for all employees and implement a monitoring system to observe employee customer interactions. This is an example of modifying the Seloct one A. Policy premium. B. Insurer's retention through facultative reinsurance. C. Loss exposure through risk control. D. Policy provisions, deductibles, and limits. One factor that may dictate a surplus lines insurer's classes of bursiness is the Select one: A. Level of accounting expertise available to the insurot. B. Indivdual and business tax rate in the ingurer's state of domcile. C. Laws governing ownership of insurers in the state of domicile. D. Surplus lines insurer's reinsurance program. A surplus lines insurer is interested in writing open-perils property coverage on orange tree groves. Which one of the following factors affecting a surplus lines insurer's decisions about what products to offer would be most important in this case? Select one A. Taxation B. Pegulation C. Operating states D. Processing requirements In which step of the underwriting process does an underwriter analyze hazards and consider whether the hazards make the overall level of risk desirable or undesirable? Select one A. Moritor the underwriting decision B. Make the underwriting decision C. Gather the necessary information D. Implement the underwriting decision A specialist who has been carcfully evaluated and accredited by Loyd's to negotiate competitive terms and conditions with Uloyd's underwriters is Select one A. A Lloyd's program manager. B. An underwnting manager. C. A Uloyd's broker. D. A managing generalagent. One ancillary service that surplus lines intermediaries perform during the policy period is to Select one A. Venify what reinsurance arrangements exist for the surplus lines insurer. B. Provide information about the commissions paid by each insurer that quoted the C. Properly remit surplus hines taxes on the insured's behalf. D. Ensure that the customer participates in state insurance guaranty funds