That part of a property and liability insurance contract that contains information about the property or activity to be insured is called the
A) declarations.
B) insuring agreement.
C) exclusions.
D) conditions.
Question 2
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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