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9 Cards in this Set
- Front
- Back
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What is a heading? |
Includes name of the insurer, address and company logo |
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What is a recital clause? |
Sets the scene for what follows in the policy, by referring to the 2 parties entering the contract in exchange for a premium to indemnify the insured |
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What must be near to the recital clause? |
The signature of the insured |
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What is an operative clause? |
Describes the describe the scope of the cover and contains exceptions |
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What are exclusions? |
Exceptions that apply to the entire contract. These are in a addition to the exceptions that apply to particular parts of the policy |
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What is the condition part of the policy? |
Certain conditions that apply throughout the period of the policy |
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What is one of the conditions in reference to the insured being uninsured? |
They insured must take reasonable care, as if they are uninsured |
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Are some conditions implied by common law? |
Yes |
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What is the policy schedule? |
Scedule is the place where the policy is made personal to the insured |
