Question $1$

Fiy$-$By$-$Night lnsurance Company had much larger losses than forecast. The company did not charge adequate premiums nor did

the company purchase reinsurance. If Fly$-$By$-$Night becomes insolvent, which of the following will help pay the unpaid claims of

the insurer?

Coinsurance.

Wisurance endorsement.

lasurance surplus.

Siate guaranty fund.