Which of the Following Statements About the Causes-Of-Loss Special Form

question 17

Multiple Choice

Which of the following statements about the causes-of-loss special form of the ISO commercial package policy is (are) true?
I.The causes-of-loss special form provides open perils coverage and insures against direct physical loss.
II.The causes-of-loss special form excludes loss caused by earthquake.

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

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Definitions:

Reasoning Mistake

An error in logical thinking or judgment that leads to incorrect conclusions or decisions.

Valid Inference

A logical conclusion that is derived from the information provided, where if the premises are true, the conclusion cannot be false.

Inferring with Certainty

Inferring with certainty means drawing a conclusion that is considered to be absolutely true based on the available evidence and logical reasoning.

Implications

The possible effects or consequences that may result from a particular action, statement, or decision.