Which of the following is NOT a requirement for being classified as an Exempt Commercial Purchaser?

The classification of an Exempt Commercial Purchaser is typically based on financial and operational metrics that indicate a substantial level of business activity. The correct answer is D, as having a population exceeding 200,000 is not a relevant criterion for being classified as an Exempt Commercial Purchaser.

The concept of an Exempt Commercial Purchaser is aimed at businesses that show a readiness and capability to engage in high-value or specialized insurance transactions that often fall outside the traditional insurance market. To qualify, entities usually need to meet specific financial thresholds, including substantial net worth, significant annual revenues, and a substantial workforce.

In contrast, criteria such as being a certain population size do not directly relate to the financial stability or operational capacity necessary for navigating complex insurance markets. Therefore, while the other options are based on measurable business qualifications, population size does not contribute to determining an organization's status as an Exempt Commercial Purchaser.