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:

High Emphasis

Placing significant importance or priority on a specific aspect, goal, or criterion.

Blake and Mouton

The creators of the Managerial Grid Model, which identifies five different leadership styles based on leaders' concern for people and production.

Leadership Grid

A conceptual framework used to evaluate and categorize leadership styles based on a leader’s concern for people versus their concern for production or task accomplishment.

Camaraderie

A spirit of friendship, trust, and solidarity among people who spend a lot of time together, typically in a work or military setting.