The entire contract consists of all of the following EXCEPT

• A. Declarations
• B. Insuring agreement
• C. Conditions
• D. Certificate of Authority

Answer: (D)

The policy contract is built from the declarations, the insuring agreement, the conditions, and any endorsements or amendments. Declarations identify who is covered, what property is insured, policy dates, limits, and premium. The insuring agreement states the insurer’s promise to pay for covered losses in exchange for the premium. Conditions outline the duties of both the insured and the insurer, how claims are handled, cancellation, and other formalities. An endorsement can modify or add to the original terms. A certificate of authority, however, is a regulatory document issued by the state showing the insurer is legally permitted to transact insurance; it is not part of the contract between insured and insurer. That’s why it’s the exception.