Indicate the correct statement. 1 Exclusions to policies cannot be deleted and always apply. 2 Exceptions to a policy can be deleted and the peril covered for an extra premium. 3 Loss arising from war...

Indicate the correct statement.

1  Exclusions to policies cannot be deleted and always apply.

2  Exceptions to a policy can be deleted and the peril covered for an extra premium.

3  Loss arising from war is a general exclusion to commercial policies.

4  Collusion or theft by employees is a general exception under most accident policies.