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

---

Definitions:

Federal Income

Earnings subject to federal income tax, including wages, salaries, and other forms of compensation, as regulated by the federal government.

Minimize Exposure

Taking steps to limit one's contact with potentially hazardous substances or situations to reduce risk of harm.

Negative Outcomes

Undesirable or harmful results or effects stemming from an action, decision, or situation.

Quality Procedures

Standardized methods and practices designed to ensure that products or services meet prescribed standards of quality.