Identify Exclusion (F) in Bodily Injury and Property Damage Liability

question 56

Multiple Choice

Identify exclusion (f) in bodily injury and property damage liability in a commercial general liability policy.

• A)Nonfortuitous liability
• B)Contractually assumed liability
• C)Liquor liability
• D)Pollution liability
• E)Workers' compensation liability

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Definitions:

Endogenous

Originating from within an economic model or system; refers to factors that are explained by the internal workings of the model.

Exogenous

Factors or variables that are external to the economic model and not determined within the model itself.

Frictional Unemployment

Frictional unemployment is short-term and voluntary unemployment that occurs when people are between jobs or entering the workforce for the first time, often due to personal choices or circumstances.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.