What are some of the reasons exclusions are found in insurance contracts?
What will be an ideal response?
Exclusions are found in insurance contracts to: 1 ) eliminate catastrophic losses, 2 ) control the moral and morale hazards, 3 ) eliminate coverage for events/property where an extra charge is needed, and 4 ) eliminate coverage in which a specific contract is designed for that need.
Business
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A _____ is a political entity that governs the affairs of its own territory without being subjected to an outside authority.
A) county B) colony C) sovereign state D) secular province E) province
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A comprehensive store security program needs to concentrate on losses due to employee, customer, and vendor theft
Indicate whether the statement is true or false
Business