Texas Property & Casualty Insurance questions with correct answers

Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? CORRECT ANSWER Conditions The limits of liability are found in which of the following sections of a casualty policy? CORRECT ANSWER Declarations The _____ page in an insurance contract contains information about the risk, the effective date of coverage, deductible, premium amounts, coinsurance percentage, and location of the insured property. CORRECT ANSWER Declarations The insured is looking for the amount of coverage in a property and casualty policy. This information would be found in the ______. CORRECT ANSWER declarations The coverages offered by an insurance policy are described in the ____. CORRECT ANSWER insuring agreement The purpose of the conditions section of an insurance policy is to list the ____ of the insured and the insurance company. CORRECT ANSWER obligations The list of perils covered under a policy is found in which part of the policy? CORRECT ANSWER Insuring agreement The Declarations page consists of 5