KY PROPERTY & CASUALTY FINAL
ASSESSMENT SCRIPT 2026 TRUSTED
ANSWERS SUPPLIED
⫸ Parts of an Insurance Contract. Ans: Declarations, Insuring
Agreements, Conditions, Exclusions, and Definitions
⫸ Declarations of a Contract. Ans: state who in insured, whether it is
an individual or business. states WHAT is insured (specific or broad)
⫸ Named Insured. Ans: person or business named in the Declarations
to whom the policy is issued
⫸ First Named Insured. Ans: person listed first on the Declarations
page
⫸ Policy Period. Ans: WHERE and WHEN coverage of a policy
begins and ends
⫸ Policy Limit or Limit of Coverage. Ans: maximum amount
insurance company will pay for a loss
⫸ Named Peril. Ans: what a policy will specifically insure against
(fire, water damage, wind damage, etc)
ASSESSMENT SCRIPT 2026 TRUSTED
ANSWERS SUPPLIED
⫸ Parts of an Insurance Contract. Ans: Declarations, Insuring
Agreements, Conditions, Exclusions, and Definitions
⫸ Declarations of a Contract. Ans: state who in insured, whether it is
an individual or business. states WHAT is insured (specific or broad)
⫸ Named Insured. Ans: person or business named in the Declarations
to whom the policy is issued
⫸ First Named Insured. Ans: person listed first on the Declarations
page
⫸ Policy Period. Ans: WHERE and WHEN coverage of a policy
begins and ends
⫸ Policy Limit or Limit of Coverage. Ans: maximum amount
insurance company will pay for a loss
⫸ Named Peril. Ans: what a policy will specifically insure against
(fire, water damage, wind damage, etc)
