Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Select the major reasons for excluding certain perils from insurance contracts . select all that apply. a. they are not insurable. b. they are covered

Select the major reasons for excluding certain perils from insurance contracts . select all that apply. 


a. they are not insurable. 

b. they are covered by other insurance. 

c. an additional premium is needed fi coverage is desired . 

d. the probability of loss is low.

Step by Step Solution

3.41 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

Answer Correct b they are covered by other insurance Fire and special ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Managerial Finance

Authors: Lawrence J. Gitman, Chad J. Zutter

13th Edition

9780132738729, 136119468, 132738724, 978-0136119463

More Books

Students also viewed these Accounting questions

Question

Identify the major reasons for resisting change.

Answered: 1 week ago