Insuring Agreement Property And Casualty Policy

Definition of "Insuring agreement, property and casualty pol­icy"

Mirline  Hayes

Section of a policy specifying: parties to the contract (the insurance company and the person or business to be insured); terms of the policy when it goes into force, and when it ends; premiums and their due date; limits of insurance; types and location of property to be insured; consideration; perils (what the policy protects against); and assignment (and under what conditions the policy can be assigned).

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