Which of the following statements is (are)true regarding exclusions in life insurance contracts?
I.Life insurance policies are remarkably restrictive,including numerous exclusions.
II.A life insurer may exclude death attributable to certain activities or hobbies disclosed on the application.

Question

Quizplus · Accepted Answer

II is true because life insurance policies may indeed exclude coverage for deaths related to certain high-risk activities or hobbies that the insured has disclosed during the application process. However, statement I is false because life insurance policies are not typically "remarkably restrictive" with "numerous exclusions"; rather, they often cover a wide range of circumstances with a few specific exclusions.

Which of the Following Statements Is (Are)true Regarding Exclusions in Life