Policy Structure & ProvisionsCâu 453 / 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
Giải thích
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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Câu hỏi liên quan cùng chủ đề
- A binder issued by a producer serves to:
- The part of a policy in which the insurer states what it promises to pay for is the:
- The insured's duties after a loss, the appraisal clause and the cancellation clause are all found among the policy's:
- The main reason a homeowners form excludes flood is that a flood loss:
- A producer with binding authority binds coverage by phone at 9 a.m.; the house burns at noon, before the insurer ever sees the application. The loss is:
- Under the liberalization clause, when an insurer broadens its form without charging more, an existing insured:
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