Which category of insurance includes marine insurance and malpractice insurance?

The correct answer is Limited Lines Insurance because this category focuses on specific types of insurance that are often regulated differently due to their unique nature. Limited Lines Insurance usually covers specialized products, which can include marine insurance—insurance for vessels and shipping—and malpractice insurance, which protects professionals against claims of negligence.

This classification allows the insurance market to accommodate specialized products that do not fit neatly into broader categories like personal or commercial lines. Commercial Lines Insurance would typically encompass businesses and the wider array of risks they face, while Excess Lines Insurance pertains to coverage placed with non-admitted insurers when coverage is unavailable in the standard market. Personal Lines Insurance, on the other hand, generally includes policies that cover individuals and their families, such as homeowners or auto insurance, which are not applicable in this context. Thus, Limited Lines Insurance is the most appropriate category for marine and malpractice insurance.