These are statements that identify the person(s) or organization(s) covered by the contract, give information about the loss exposure, and provide the basis upon which the contract is issued and the premium determined.This information may be obtained orally or in a written application.This section also includes the period of coverage and limitations of liability.Identify this section in an insurance contract.
A)Exclusions
B)Insuring agreement
C)Endorsements and riders
D)Conditions
E)Declarations

Question

Quizplus · Accepted Answer

The section described is the Declarations section of an insurance contract. This section identifies the parties to the contract, the coverage periods, the premium, and the specific details of the insured risk, serving as a summary of the insurance provided.

These Are Statements That Identify the Person(s) or Organization(s) Covered