Question 7 2 pts Each of the first three statements below regarding Lloyd's of London is true EXCEPT: Lloyd's of London syndicates normally only issue insurance in surplus lines (hard to place risks). O All members of Lloyd's of London have unlimited liability with regard to the risks they insure. Lloyd's of London is not an insurer, but rather a society of members that underwrite insurance in syndicates. O All of the above statements regarding Lloyd's of London are true, Question 8 2 pts Which of the first four statements regarding mutuals is/are true? Shares of mutual companies are traded either on the New York Stock Exchange or the American Stock Exchange O Mutuals may pay dividends to shareholders. O Mutuals may pay dividends to policyholders. The board of directors of a mutual company is elected by the policyholders. Two of the above are true. Question 9 2 pts The HO-6 policy is designed exclusively for: trailer home owners