Which of the Following Statements Regarding Watercraft Liability Under Section

question 34

Multiple Choice

Which of the following statements regarding watercraft liability under Section II of an unendorsed HO-3 policy is (are) true?
I.No coverage is available for watercraft liability.
II.Liability arising out of the use of watercraft that are under certain length and horsepower limits is covered.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Chart Of Accounts

This is a listing of all the accounts in the general ledger, each account accompanied by a reference number.

Listing

The action of recording or including an item, such as a property or stock, for sale within a public marketplace or directory.

Account Numbers

Unique identifiers assigned to different accounts in a company's accounting system to organize and track financial transactions.

Accounts

Financial records of a company's transactions, categorized into assets, liabilities, equity, revenue, and expenses.