All of the Following Are General Exclusions Under Section I

question 1

Multiple Choice

All of the following are general exclusions under Section I of the Homeowners 3 policy EXCEPT

• A)losses due to earthquake.
• B)losses due to the failure of the insured to use all reasonable means to save and preserve property after the time of a loss.
• C)losses resulting from a power failure caused by an insured peril at the residence premises.
• D)losses due to radiation from a nuclear power plant.

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Definitions:

Unamortized Discount

The portion of a bond discount that has not yet been expensed to interest expense over the bond's life.

Face Value

The nominal value printed on a financial instrument, like a bond or stock certificate, representing its worth at issuance or maturity.

Interest Payments

Payments made to lenders as compensation for borrowing money, typically calculated as a percentage of the principal amount.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.