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A(n)_____ Is an Amount of Loss That Is Specifically Excluded

question 46

Multiple Choice

A(n) _____ is an amount of loss that is specifically excluded by the insurance contract.


Definitions:

Securities Act

Legislation that regulates the issuance and sale of securities to protect investors from fraud.

Net Financial Assets

The difference between a person's or entity's total financial assets and total financial liabilities.

Security

Financial instruments or assets held to back debts or investments, or as a means to ensure the fulfillment of financial obligations.

Insurance Contract

A legally binding agreement between an insurer and the insured, detailing the terms for the payment of claims under certain conditions.

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