_____ represent the third major part of an insurance policy and explicitly identify losses not covered by the policy.
Correct Answer:
Verified
Q60: Distinguish between direct and indirect loss.
Q61: Policies written on a named-perils basis cannot
Q62: A(n) _ policy covers only losses caused
Q63: _ refers to losses caused by characteristics
Q64: The _ receipt provides interim coverage while
Q66: When loss is caused by property damage
Q67: The second major element of an insurance
Q68: A policy clause, termed _ clause, addresses
Q69: The maximum amount payable by the insurance
Q70: The purpose of the _ clause is
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