Which of the following is a characteristic of an exempt commercial purchaser?

An exempt commercial purchaser is defined by specific criteria that allow them to bypass certain regulations that typically apply to the purchase of insurance. This includes the requirement that the individual must employ a qualified risk manager. Having a qualified risk manager indicates that the purchaser has the ability to understand and evaluate complex risks, which aligns with the regulation's goal of ensuring that only informed entities can engage in these types of exempt transactions.

The other attributes within the options highlight characteristics that do not align correctly with the definition of an exempt commercial purchaser. For example, while a high net worth can be a characteristic of such purchasers, the requirement for a ten million dollar net worth is not definitive for exemption status in commercial purchasing. The option referring to the limitation on purchasing from a surplus lines licensee is incorrect because exempt commercial purchasers can indeed buy from them under specific conditions. Lastly, the stipulation regarding annual revenues being below fifty million dollars contradicts the characteristics of an exempt commercial purchaser, as these individuals typically exceed such thresholds in revenue or net worth. Thus, the emphasis on employing a qualified risk manager serves to reinforce the understanding that these purchasers possess the requisite knowledge and capability to navigate the complexities of exempt insurance buying.