Question

What is the purpose of combining hull and liability policies in aviation insurance?

a.

To save on administration costs.

b.

To increase premiums.

c.

To limit coverage.

d.

To simplify underwriting.

Posted under IC85 Reinsurance Management

Answer: (a).To save on administration costs. Explanation:Separate policies for hulls and liabilities used to exist, but over the years, to save on administration, combined hull and liability policies have been produced.

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