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Which of the following statements is TRUE? Occurrence-based liability insurance exposes the insurer to long-tail claims. In commercial liability policies, umbrella policies provide primary coverage,
Which of the following statements is TRUE?
Occurrence-based liability insurance exposes the insurer to long-tail claims.
In commercial liability policies, umbrella policies provide primary coverage, while general liability insurance provides excess coverage.
Inland marine insurance provides coverage mainly for transport on inland waterways.
Under the doctrine of contributory negligence, a plaintiff is compensated after taking into account his/her responsibility in a loss claim.
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