Exclusions Are Contained in Insurance Policies for All the Following

question 64

Multiple Choice

Exclusions are contained in insurance policies for all the following reasons except:

• A) to eliminate catastrophic perils
• B) to eliminate coverage of property or perils for which the insurer wants an extra premium
• C) to control moral hazard
• D) to exclude the influence of reinsurance arrangements

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Definitions:

Water Chemistry

The study of the chemical compositions, properties, and reactions of water, especially its behavior in natural and polluted environments.

Groundwater Chemistry

The study of the chemical characteristics and reactions of groundwater, including dissolved minerals, pollution, and the movement of contaminants.

Ground Surface

The top layer of the earth's crust that we walk on and interact with in our everyday lives.

Volcanic Gas

Gases emitted from a volcano, including water vapor, carbon dioxide, sulfur dioxide, hydrogen sulfide, and other volcanic gases.