Policy Structure Flashcards
1
Q
basic information about the policy: names, addresses, and amounts of coverage)
A
declarations
2
Q
policy terms explained
A
definitions
3
Q
parties to the contract dates of coverage, description of coverage
A
insuring agreement
4
Q
general rules an procedures the insurer and the insured agree to follow under the policy terms
A
conditions
5
Q
perils not insured against
A
exclusions
6
Q
addendum that modify the policy’s original terms or coverage
A
endorsements
