Question 3072 Deck General

70% to pass

What is an example of the term "Restraint of Rulers, Princes, or Peoples" in a marine insurance policy?

A Damage caused by riot of the population of a port.
B Arrest of a vessel by legal authorities to satisfy claims through exercise of a maritime lien.
C A prohibition from loading a cargo from a country's government interference.
D Losses caused by fines from polluting the harbor after malfunction of a piping system.
AI Explanation

The correct answer is C) A prohibition from loading a cargo from a country's government interference. The term "Restraint of Rulers, Princes, or Peoples" in a marine insurance policy refers to situations where a government or authority prohibits or restricts the loading or transport of a cargo, which can result in losses for the insured party. This is considered a valid exclusion from coverage under the policy. The other options are incorrect because they do not specifically relate to government interference or restrictions. Option A describes damage from a riot, option B refers to a legal arrest of a vessel, and option D covers losses from pollution fines, none of which fall under the "Restraint of Rulers, Princes, or Peoples" clause.

Ready to test your knowledge?

Take a Deck General Practice Exam

Want to practice with timed exams?

Download Coast Guard Exams for the full exam experience with progress tracking.

Get the App