Answered

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When an insurer issues a policy that refuses to cover certain risks, this is referred to as a(n):

A. elimination
B. exclusion
C. limitation
D. exception

Sagot :

GinnyAnswer

Final answer:

Exclusion in insurance refers to the practice of insurers refusing to cover certain risks to mitigate financial losses and provide suitable coverage.


Explanation:

Exclusion is when an insurer issues a policy that refuses to cover certain risks. This is done to protect the insurance company from high-risk situations that could result in substantial financial losses.

For example, an insurance policy for a home may exclude coverage for damage caused by floods if the property is located in a flood-prone area. By excluding this risk, the insurer limits its potential liabilities.

Insurance companies carefully assess risks and determine exclusions to maintain financial stability and offer appropriate coverage to policyholders.


Learn more about Insurance exclusions here:

https://brainly.com/question/37437262


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