AFP
CTP · Question #199
(Topic 2) A company's credit agreements or loan covenants may require:
The correct answer is A. minimum ratings for insurance carriers. See the full explanation below for the reasoning.
Question
- (Topic 2)
A company’s credit agreements or loan covenants may require:
Options
- Aminimum ratings for insurance carriers.
- Bhigh deductible levels and risk retention in order to minimize premium payments.
- Coutsourcing of the claims approval and payment process to an insurance company.
- Drisk management staff to work directly with underwriters to reduce commission
How the community answered
(55 responses)- A76% (42)
- B7% (4)
- C4% (2)
- D13% (7)
Community Discussion
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