Insurance Term
Policy
The legal contract between the insurer and the insured.
What does Policy mean in insurance?
Contains declarations, insuring agreement, conditions, and exclusions.
Related insurance terms
Premium Study Material
Don't just memorize terms.
Master the exam.
Get access to 650+ exam-like questions, detailed explanations, and specific state law-supplements for your state.
Pass Guarantee
State-Specific Content
Unlimited Practice Tests
Instant Feedback
Practice QuestionEasy
Which of the following best describes the concept of Policy?
Start Practicing →