3. Brinson Insurance Company requires their new employees to take a Basic Insurance Skills Test. One question on the test asks employees to identify sections of an insurance policy: declarations, insuring agreement, conditions, exclusions, definitions, and miscellaneous provisions. A portion of the test is reproduced below. Identify the section of the policy illustrated by each of the following. (half-point each) a. This insurance does not cover losses that are intentionally caused. Additionally, this policy does not cover losses to currency, coins, stocks, bonds, manuscripts, or stamps. Finally, losses attributable to earthquakes and floods are not covered. b. In this policy, occurrence means a loss that happens suddenly and accidentally, as well as losses that develop over time. c. This policy covers direct physical loss to property, provided the loss is caused by fire, lightning, wind, hail, riot, vandalism, explosion, or smoke. d. The coverage is suspended if the property is left vacant or unoccupied for 60 or more days before a loss occurs. e. The storage shed is 60 feet by 120 feet. The walls of the structure are made of masonry noncombustible material. The peaked roof is made of tin sheets attached to wood sheets that rest on wooden supports. The roof supports are spaced 12 feet apart. There is an overhead door on one end of the structure. The door is 36 feet wide and 28 feet in height. 3. Brinson Insurance Company requires their new employees to take a Basic Insurance Skills Test. One question on the test asks employees to identify sections of an insurance policy: declarations, insuring agreement, conditions, exclusions, definitions, and miscellaneous provisions. A portion of the test is reproduced below. Identify the section of the policy illustrated by each of the following. (half-point each) a. This insurance does not cover losses that are intentionally caused. Additionally, this policy does not cover losses to currency, coins, stocks, bonds, manuscripts, or stamps. Finally, losses attributable to earthquakes and floods are not covered. b. In this policy, occurrence means a loss that happens suddenly and accidentally, as well as losses that develop over time. c. This policy covers direct physical loss to property, provided the loss is caused by fire, lightning, wind, hail, riot, vandalism, explosion, or smoke. d. The coverage is suspended if the property is left vacant or unoccupied for 60 or more days before a loss occurs. e. The storage shed is 60 feet by 120 feet. The walls of the structure are made of masonry noncombustible material. The peaked roof is made of tin sheets attached to wood sheets that rest on wooden supports. The roof supports are spaced 12 feet apart. There is an overhead door on one end of the structure. The door is 36 feet wide and 28 feet in height