We have to exclude certain causes, like suicide, in the case of life insurance.
我们得排除某些特定情况,例如在人寿保险中自杀为除外责任。
Those exclusions are carefully designed in regard to moral hazard and selection bias.
除外责任是考虑到道德风险和选择性偏差,而精心设计的
It specifies what risks are covered, exclusions--some risks are not covered.
它必须约定被保险的风险有哪些,以及除外责任,即不被保险的风险有哪些
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