What types of exclusions are commonly found in surplus lines policies?

Surplus lines policies often cater to high-risk or difficult-to-place insurance situations, which are not typically covered by standard insurance policies. Option A correctly identifies common exclusions associated with these policies, such as acts of war, certain types of environmental liability, and pre-existing conditions.

Excluding acts of war is common across various insurance types due to the unpredictable and catastrophic nature of such events. Similarly, environmental liability exclusions reflect the increased risk that comes from policies that cover operations with potential environmental hazards. Pre-existing conditions are often excluded in many forms of coverage, as they pertain to risks that were known prior to the policy's inception.

In contrast, some of the elements mentioned in other choices lack accuracy or applicability regarding typical exclusions in surplus lines. For instance, while theft and vandalism may not be covered in certain contexts, it is not a universal exclusion applicable to all surplus lines policies. Additionally, limiting exclusions solely to property damage or claiming no exclusions exist would not align with the general practices and risk management strategies seen in surplus lines insurance, where exclusions play a crucial role in delineating coverage limitations.