Washington State Insurance Practice Exam

What does the policy period indicate?

1. Individuals or businesses protected by the policy

2. Time period stated on the declarations page during which the policy provides coverage

3. Defines the location where coverage will be provided

4. Basic underwriting information about the insured

The correct answer is: Time period stated on the declarations page during which the policy provides coverage

The correct answer is B: The policy period indicates the time period stated on the declarations page during which the policy provides coverage. This is the duration for which the insurance policy is in effect and the time during which the insured can make a claim if an insured event occurs. Options A, C, and D do not accurately describe what the policy period indicates. Option A relates to the insured individuals or businesses, Option C pertains to the coverage location, and Option D concerns basic underwriting information about the insured, which are not directly related to the policy period.