AD Banker Comprehensive Practice Exam

Which item would you NOT find in the insuring clause of an insurance policy?

1. Definitions

2. General information about the named insured

3. General scope of coverage

4. Conditions under which benefits are payable

The correct answer is: General information about the named insured

The insuring clause of an insurance policy outlines the fundamental elements of coverage provided by the policy. It typically details the obligations of the insurer, the scope of coverage, and the risks that are covered. This section is essential as it establishes the agreement between the insurer and the insured regarding what is protected under the policy. General information about the named insured, while important, is not usually part of the insuring clause. This type of information might be included in other sections of the policy, such as the declarations page or the introductory sections, which provide details about the insured party, their location, and other pertinent identification information necessary for premium calculations and policy implementation. In contrast, the definitions section clarifies key terms and concepts used within the policy to provide clarity on coverage. The general scope of coverage indicates what is covered under the policy, and the conditions under which benefits are payable outlines the requirements that must be met for the claims to be honored. All of these aspects are integral to understanding the insuring provision itself.