1. Briefly describe the following coverages that appear in an aircraft policy: a. Physical damage coverage b. Liability coverage 2. Explain the following characteristics in a commercial umbrella...


1. Briefly describe the following coverages that appear in an aircraft policy:


a. Physical damage coverage


b. Liability coverage


2. Explain the following characteristics in a commercial umbrella policy:


a. Coverages provided


b. Required underlying coverages


c. Self-insured retention (SIR)


3. Briefly describe the major characteristics of an errors and omissions (E&O) professional liability insurance.


4. Explain the insuring agreements that typically appear in a directors and officers (D&O) liability policy.



May 24, 2022
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