Final answer:
Exclusions are provisions in insurance policies that refuse to cover certain risks.
Step-by-step explanation:
When an insurer issues a policy that refuses to cover certain risks, this is referred to as exclusion. Exclusions are specific provisions in insurance policies that list certain risks or conditions that will not be covered by the insurance policy. These exclusions are put in place to limit the insurer's liability and protect against high-risk situations.
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