Question

What clause in an insurance contract identifies the contracting parties and the scope and limits of coverage?

A. Entire contract provision
B. Consideration provision
C. Insuring clause
D. Beneficiary provision

Answer 1

The Insuring clause is the part of an insurance contract that delimits the parties, coverage scope, and limits.

Step-by-step explanation:

The clause in an insurance contract that identifies the contracting parties and the scope and limits of coverage is the Insuring clause. This is a critical part of the insurance contract as it details the promises of the insurance company, specifying what risks are covered, the duration of coverage, and the extent of protection provided. The insuring clause directly impacts the coverage of the policy and delineates the obligations of the insurer to the insured.