Which of the Following Are Not Likely to Be Found

question 28

Multiple Choice

Which of the following are not likely to be found on a declarations page?

• A)duties following a loss
• B)identity of the named insured
• C)list of coverages provided by the contract
• D)name of the insurer

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Definitions:

Sacrificed Output

The production or output that is given up as a consequence of choosing one option over another, often discussed in opportunity cost analysis.

Tax

A compulsory financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Net Value

Net value is the difference between the total assets and total liabilities of a company or individual, indicating the actual worth.

Excise Tax

A type of tax charged on goods and services produced within a country, often imposed on specific items like tobacco and alcohol.