Cấu trúc & Điều khoản hợp đồngCâu 507 / 531
The part of an insurance policy that identifies the insured, the property or risk, the policy period, and the coverage limits is the:
a.Declarations
b.Conditions
c.Insuring agreement
d.Exclusions
Giải thích
The declarations page (the 'dec page') states the specific facts of the policy: the named insured, description of the covered property or risk, policy period, limits of insurance, premium, and any 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
- Subrogation is best defined as the insurer's right to:
- A binder in property and casualty insurance is:
- The part of a policy in which the insurer states what it promises to do in return for the premium is the:
- A homeowners form places the phrase residence premises in quotation marks every time it appears. That signals the phrase:
- Insurers write exclusions into a property policy chiefly in order to:
- An endorsement is attached to a policy and its wording conflicts with the printed form. The result is that:
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