All-Inclusive Income Includes All of the Following EXCEPT

question 98

Multiple Choice

All-inclusive income includes all of the following EXCEPT

• A) investments by owners.
• B) losses on disposal of assets.
• C) dividend revenue.
• D) gains on the expropriation of property by the government.

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Definitions:

Increase Of Hazard

A scenario in insurance where the risk of loss becomes greater than what was contemplated at the time the policy was issued.

Highly-Explosive Chemicals

Substances that possess a high potential for explosion under certain conditions, posing significant risks.

Explosion

A sudden and violent burst or release of energy, often accompanied by loud noise and the release of gases, resulting from a chemical or physical reaction or an act of sabotage or accident.

Reservation Of Rights

A declaration by an insurer that provision of defense or coverage for a claim is not a waiver of their right to deny coverage later on grounds not yet known.