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Sara S
Insurance policies typically define words used in the policy to:?
Choose:
eliminate coverage for certain losses
exclude any other meaning of the word
limit the insurance company's liability
clarify what the insurer intends to cover
If you study law, you'll know this. Almost every word in an insurance policy has been litigated over.
The litigation is to clear up the meaning of the words as they relate to the coverage called for in the insurance policy, which is a contract.
The reason for definition in the policy is to be clear what the words actually mean, so the answer is:
to exclude any other meaning of the word
(Extranaeous meanings of words in insurance policies could potentially expand coverage in ways that weren't anticipated by the actuaries that price the policies).
EAA Duro
exclude any other meaning of the word
Suzanne: YPA
The answer is DEFINATELY choice B, "exclude any other meaning of the word." This is typically referred to as the "Definitions Section" of the policy.
It cannot be choice D, since this is explained in the "Covered Services Section" (for health policies) or "Covered Losses Section" (for all other types of policies). This section will use terms defined by the section described by choice B.
I hope this helps.
Stu
exclude any other meaning of the word
mbrcatz
exclude any other meaning of the word.
Becky L
Clarify what the insurer intends to cover.
It has to be really specific, if there is a claim and you have to go to court for some reason,they look at all the details and if there are limitations or exclusions in the policy.
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