Colorado CDL Practice Test

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During a demands-and-needs assessment, an intermediary discovers that a client's existing policy has no business interruption cover despite a heavy dependence on one premises. What should this finding primarily influence?

The insurer's statutory accounts The intermediary's identification of appropriate cover for the client's needs The insurer's salvage rights The FOS award limit

Correct Answer:

The intermediary's identification of appropriate cover for the client's needs

Explanation:

The demands-and-needs process should identify relevant client needs and gaps in existing cover so that the proposed insurance is consistent with those needs.

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