State Farm Insurance License Practice Exam

Question: 1 / 400

Which of the following is NOT typically covered under an Insuring Agreement?

Defined properties under the policy

Perils insured against

Premium payment options

The insuring agreement in an insurance policy outlines the scope of coverage provided by the insurer. It typically includes key elements such as defined properties under the policy, the specific perils that are insured against, and the conditions of coverage that need to be satisfied for the policy to respond.

Premium payment options, while important to the overall insurance contract, do not fall under the insuring agreement. They relate more to the financial aspect of the policy rather than the coverage itself. This means that while the payment of premiums is essential to keep the policy in force, it does not define what is covered or the conditions under which coverage is provided. Thus, it is not typically included in the insuring agreement, making it the correct answer to the question. Understanding the distinction between coverage provisions and payment arrangements helps clarify how policies are structured and what elements are foundational to an insurance contract.

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The conditions of coverage

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