Homework answers / question archive / In determining the devolvement of an underwriter: (a) The negative procurement of an underwriter is apportioned to the other underwriters (b) The excess procurement of one underwriter is apportioned to the devolved underwriter (c) The underwriter with the maximum procurement is absolved of any commitment (d) The underwriter with the maximum underwriting commitment is absolved of devolvement (e) The procurement by an underwriter that is in excess of his underwriting commitment is ignored (f) The procurement by an underwriter that is in excess of his underwriting commitment is the devolvement

In determining the devolvement of an underwriter: (a) The negative procurement of an underwriter is apportioned to the other underwriters (b) The excess procurement of one underwriter is apportioned to the devolved underwriter (c) The underwriter with the maximum procurement is absolved of any commitment (d) The underwriter with the maximum underwriting commitment is absolved of devolvement (e) The procurement by an underwriter that is in excess of his underwriting commitment is ignored (f) The procurement by an underwriter that is in excess of his underwriting commitment is the devolvement

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In determining the devolvement of an underwriter:

(a) The negative procurement of an underwriter is apportioned to the other underwriters

(b) The excess procurement of one underwriter is apportioned to the devolved underwriter

(c) The underwriter with the maximum procurement is absolved of any commitment

(d) The underwriter with the maximum underwriting commitment is absolved of devolvement

(e) The procurement by an underwriter that is in excess of his underwriting commitment is ignored

(f) The procurement by an underwriter that is in excess of his underwriting commitment is the devolvement.