Question

What are Exclusions in insurance policies?

a.

Specific conditions or circumstances for which the policy will provide benefits

b.

Situations where the insurance company is obligated to pay benefits

c.

Conditions that are covered by the insurance policy

d.

Specific conditions or circumstances for which the policy will not provide benefits

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Specific conditions or circumstances for which the policy will not provide benefits Explanation:Exclusions in insurance policies refer to specific conditions or circumstances for which the policy will not provide benefits.

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