RMIN 4000 Edmunds Test 3 Questions and Correct Answers | Latest Update
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Course
RMIN 4000
Institution
RMIN 4000
Basic Parts of an Insurance Contract
-:- 1. Declarations
2. Definitions
3. Insuring agreement
4. Exclusions
5. Conditions
6. Miscellaneous provisions
Declarations
-:- statements that provide information about the particular property or
activity to be insured
definitions
-:- stat...
✓ -:- - States have mandatory provisions (added by endorsements)
- Notice of Cancellation
- Notice of Nonrenewal
- Notice of Loss
- Mortgagee Clause
named insured
✓ -:- the person or persons named in the declarations section of the
policy
First Named Insured
✓ -:- has certain additional rights and responsibilities that do not apply to
other named insureds
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