Texas Property & Casualty Insurance, Insurance Exam Questions And Answers

Texas Property & Casualty Insurance, Insurance Exam Questions And Answers Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? - ANS Conditions The limits of liability are found in which of the following sections of a casualty policy? - ANS Declarations The _____ page in an insurance contract contains information about the risk, the effective date of coverage, deductible, premium amounts, coinsurance percentage, and location of the insured property. - ANS Declarations The insured is looking for the amount of coverage in a property and casualty policy. This information would be found in the ______. - ANS declarations The coverages offered by an insurance policy are described in the ____. - ANS insuring agreement The purpose of the conditions section of an insurance policy is to list the ____ of the insured and the insurance company. - ANS obligations The list of perils covered under a policy is found in which part of the policy? - ANS Insuring agreement The Declarations page consists of 5 P's. Person or property, policy number, policy term, policy limit and ____. - ANS premium The Insuring agreement describes coverage provided and which ____ are covered. - ANS perils Lost rent is covered by _____. Limited by 20% of cover