What information is contained in the insuring agreement of an insurance policy?
A)a description of the property or life to be insured
B)a summary of the major promises of the insurer
C)a summary of the obligations of the insured
D)a list of the property,losses,and perils that are not covered

Question

Quizplus · Accepted Answer

The insuring agreement of an insurance policy typically contains a summary of the major promises made by the insurer. This includes what is covered by the policy, the types of losses or damages that are covered, and what the insurer will pay in the event of a claim. The other options listed may also be included in the policy, but are not specifically part of the insuring agreement.

What Information Is Contained in the Insuring Agreement of an Insurance