What is Coverage Exclusion?
Coverage Exclusion A specific condition or circumstance listed in an insurance policy for which benefits will not be paid, limiting the insurer’s liability.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Coverage Exclusion” Used in Practice?
Coverage exclusions must be clearly stated in the policy to ensure that policyholders understand the limits of their insurance protection.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Coverage Exclusion?
A specific condition or circumstance listed in an insurance policy for which benefits will not be paid, limiting the insurer’s liability.
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