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Commerce · Q970

Insurance

Graduate and Post Graduate · Commerce · question 970

Q970

Which of the below forms first part of a standard insurance policy document?

A.
Policy schedule
Answer
B.
Standard provisions
C.
Specific policy provisions
D.
Claim procedure

Answer: Option A

Solution

Answer: Option A
Solution:
Policy schedule forms first part of a standard insurance policy document. The standard policy document typically has three parts which are the policy schedule, standard provisions and the policy's specific provisions.