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Which is the most suitable option here? In addition to maximum floor space, the BOP eligibility rules limit eligible risks to ___________.



A. $5 million in annual sales
B. $3 million in annual sales
C. $1.5 million in annual sales
D. $750,000 in annual sales

This question is part of Property and Casualty Insurance License Exam Cram
Asked by Coulter, Last updated: May 26, 2020

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3 Answers

carolinastark

Carolinastark

Answered Mar 13, 2020

Yeah its $6 million

 

Sulamita

Sulamita

Answered May 08, 2018

It's actually $6 million

 

John Smith

John Smith

Answered Dec 06, 2016

$3 million in annual sales

B is correct. Certain types of wholesale, processing, and service businesses are eligible for the BOP as long as gross annual sales do not exceed $3 million.
 

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