B) the method of premium payment The insuring clause, usually on the first page of the policy, is the general statement that defines the insurance agreement and identifies the insured and the insurance company and states what kind of loss (peril) is covered Study with Quizlet and memorize flashcards containing terms like The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value the amount of, If an insured dies during the grace period with no premiums paid, What is the name of the provision which states that a copy of the application must be attached to the policy when issued? and more. In the United States, there are approximately 33. The multiple indemnity clause is a provision of an insurance policy that increases the policy's face amount if the insured dies in an accident. Study with Quizlet and memorize flashcards containing terms like what is granted to the insured in the consideration clause?, which part of an insurance contract contains the promise to pay losses covered by the policy in exchange for the insured's premium and compliance with policy terms?, When the suicide clause is inserted in a life insurance contract, death by suicide is not covered during. d art kemono Aug 29, 2023 · Insurance Policy Basics Insuring Clause. Study with Quizlet and memorize flashcards containing terms like An insured who has an Accidental Death and Dismemberment policy loses her left arm in an accident. S dies later in 2008 and the insurer pays the beneficiary $10,500 Study with Quizlet and memorize flashcards containing terms like Which statement regarding the waiver of premium rider is accurate?, Which of these statements regarding the extended term insurance nonforfeiture option is accurate?, Which of the following is NOT subject to the promise to pay in an insuring clause? and more. Study with Quizlet and memorize flashcards containing terms like A life insurance policy clause that prevents an insurance company from denying payment of a death claim after a specified period of time is known as the, Which provision of a life insurance policy states that the application is a part of the contract?, When a death claim is submitted, the insurer discovered that the insured. conner flowers obituary charleston sc Those premiums are collected by nearly 6,000 insurance companies ac. Study with Quizlet and memorize flashcards containing terms like Which of the following identifies the parties to the contract and the perils it covers and the circumstances under which the insurer will pay life insurance policy claim, Which settlement option pays a specified dollar amount until benefits are exhausted, If the premiums are not paid on a traditional whole life policy that has. Assignment clause, An insured will be allowed to reactivate her lapsed life insurance policy if action is taken within a certain and proof of insurability is provided. His policy is considered to be A guaranteed renewable C. can i use paypal on wayfair Study with Quizlet and memorize flashcards containing terms like What could be the potential result of taking out a cash value loan under a life insurance policy?, In what way is a life insurance policy affected by an accelerated benefit payment?, Which life insurance policy would be eligible to include an automatic premium loan provision? and more. ….

That insurance against loss is provided d. It identifies the parties to the contract and the perils or conditions in which it will pay. Hence, the insuring clause in an Accident & Health policy states the insurance company's obligations to the insured. Study with Quizlet and memorize flashcards containing terms like A life insurance policy clause that prevents an insurance company from denying payment of a death claim after a specified period of time is known as the, Which provision of a life insurance policy states that the application is a part of the contract?, When a death claim is submitted, the insurer discovered that the insured. horoscope for friday Renew the policy only if no claim has been filed the previous year B. The Insuring Clause (or Insuring Agreement) is the insurer's basic promise to pay specified benefits to a designated person in the event of a covered loss. The insuring clause is found on the first page, or declaration page, of the policy and is considered the most important clause in the policy. Similar to the health insurance you have for yourself and your family, pet insurance is a type of insurance policy you can buy to help cover the costs of your pet’s veterinary care. The insuring clause is the part of the health insurance policy that states the kind of benefits provided and the circumstances under which they will be paid. atandt news feed The insuring clause states the party to be covered by the life contract and names the beneficiary who. Although it is called an insuring clause, it is actually more likely a collection of clauses for all the different. com main page, enter “E2020” in the search field. ) buy additional insurance coverage, Under a life insurance policy, what does the insuring clause state? Study with Quizlet and memorize flashcards containing terms like Provisions and clauses and unlike riders are included for A-no additional charge B- a premium C- a slight fee D- a nominal charge, The insuring clause A-right before copy of app B Last page of policy C first page of policy D- front of copy of exam results, Frank has a life ins policy in which he chooses to have the dividends. Feb 2, 2024 · The insuring clause sets the expectations and obligations of both parties (the insurer and the insured) and provides the basis for interpreting and applying the policy. jd 4450 for sale The method of premium payment Study with Quizlet and memorize flashcards containing terms like Under a life insurance policy, what does the insuring clause state?, If an insured dies during the grace period with no premiums paid, A waiver of premium rider allows an insured to waive the premium payments if the insured is and more. ….

Study with Quizlet and memorize flashcards containing terms like Insuring Clause, Consideration, Entire Contract and more. The subject of the qu. The insured makes accurate statements in the application and premium payments. guava runtz strain allbud Which of the following is specified in the policy? Select one: a. The insurer's promise to pay specified benefits to a designated person in the event of a covered loss; Specifies the kind of benefits provided and the circumstances under which they will be paid; Identifies the specific type of benefits or services covered by the policy; Consideration Clause Study with Quizlet and memorize flashcards containing terms like Which of the following does the Insuring Clause NOT specify?, What type of policy allows the insurance company to cancel a policy at any time?, The insuring clause of a disability policy usually states all of the following EXCEPT and more. interstate 17 closures