Which of the following is the correct order in which loss limitation rules are applied?
A) Basis rules first, at-risk rules second, passive loss rules third.
B) Passive loss rules first, at-risk rules second, basis rules third.
C) Basis rules first, passive loss rules second, at-risk rules third.
D) Passive loss rules first, basis rules second, at-risk rules third.
E) None of the choices are correct.
Correct Answer:
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