asked 66.0k views
3 votes
The ________________ means that the life insurance policy along with the application represents the complete contract.

a) Parol evidence rule
b) Entire contract provision
c) Incontestability clause
d) Good faith provision

asked
User Middus
by
8.2k points

1 Answer

6 votes

Final answer:

The correct term is the b) Entire contract provision, which ensures that all the agreements and terms of an insurance policy are contained within the written policy document and application.

Step-by-step explanation:

The term you're looking for is b) Entire contract provision. This means that all agreements and details of the insurance policy are included within the policy document itself, and the application completed by the policyholder.

According to this provision, no other agreements or promises made outside of this written policy can be considered to alter or affect the policy terms. It is a standard clause in life insurance contracts designed to provide clarity to the policyholder about the coverage terms and to prevent disputes about verbal or other written agreements not included in the policy.

answered
User Kryo
by
8.2k points
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