Why are the limits of insurance included on the declarations page of the CGL policy? To describe each coverage fully, whether the coverage has been purchased or not They limit the scope of coverage by reference to "conduct of the business" in which the insured is engaged To indicate the maximum amount payable for the various coverages purchased They must be listed for a deductible to be applied in the event of a loss.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The limits of insurance a... View the full answer