Policy Structure & ProvisionsQuestion 453 of 474
The portion of an insurance policy that lists the named insured, the covered property, the policy period, and the limits of coverage is the:
a.Conditions
b.Declarations
c.Exclusions
d.Insuring agreement
Explanation
The declarations page states the specific facts of the policy: the named insured, a description of the covered property, the policy period, the limits of insurance, the premium, and the forms attached. The insuring agreement states what the insurer promises to cover, the exclusions state what is not covered, and the conditions set the rules and duties both parties must follow.
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