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

Question

Quizplus · Accepted Answer

Exclusions are typically included in insurance policies for a variety of reasons, including eliminating catastrophic perils, controlling moral hazard, and eliminating coverage for property or perils that require an additional premium. However, the influence of reinsurance arrangements is not related to the inclusion of exclusions in an insurance policy.

Exclusions Are Contained in Insurance Policies for All the Following