Policy Structure & Provisions第 456 / 474 题
The insured's duties after a loss, the appraisal clause and the cancellation clause are all found among the policy's:
a.Definitions
b.Exclusions
c.Conditions
d.Endorsements
解析
Conditions are the rules of the bargain: what the insured must do to collect, what the insurer may do, and how disputes, cancellation and other insurance are handled. Failing a condition can cost an otherwise valid claim. Definitions only assign meanings to quoted terms, exclusions remove causes of loss from coverage, and endorsements are attachments that amend the form rather than the place these clauses live.
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同考点相关题目
- 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 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 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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