What Information Is Contained in the Insuring Agreement of an Insurance

question 14

Multiple Choice

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

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Definitions:

Negative Situation

An adverse or undesirable circumstance or event that can cause stress, harm, or challenge.

Cultural Script

Implicit social norms and patterns of behavior that are learned and shared within a cultural group, guiding interactions and expectations.

Wooden Leg

An artificial limb made of wood used to support someone who has lost a leg.

Pointless Explanation

An explanation that lacks purpose or fails to convey meaningful information.