Which of the following statements about Lloyds of London (are) true?

Which of the following statements about Lloyds of London (are) true?

I. The majority of the business underwritten by Lloyds of London is for unusual risks, such as valuable race horses and professional athletes.
II. Lloyds of London is a group of underwriters who underwrite insurance, not an insurance company.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B