1 Exclusions to policies cannot be deleted and always apply. 2 Exceptions to a policy can be deleted and the
1 Exclusions to policies cannot be deleted and always apply. 2 Exceptions to a policy can be deleted and the
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter4: Professional Legal Liability
Section: Chapter Questions
Problem 7CYBK
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Question
Indicate the correct statement.
1 Exclusions to policies cannot be deleted and always apply.
2 Exceptions to a policy can be deleted and the peril covered for an extra premium.
3 Loss arising from war is a general exclusion to commercial policies.
4 Collusion or theft by employees is a general exception under most accident policies.
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