Washington State Insurance Practice Exam

What information is included in the declarations section of an insurance policy?

1. Defines the location where coverage will be provided

2. The section containing the basic underwriting information, such as the insured's name, address, amount of coverage and premiums, and a description of the insured's locations

3. One insurance policy pays first, up to its limits in a covered loss

4. Specific out of pocket expenses for medical, miscellaneous expenses, and loss of wages

The correct answer is: The section containing the basic underwriting information, such as the insured's name, address, amount of coverage and premiums, and a description of the insured's locations

The declarations section of an insurance policy contains the basic underwriting information, such as the insured's name, address, amount of coverage and premiums, and a description of the insured's locations. This section is important in identifying the parties involved in the policy and the details of the coverage provided. Options A, C, and D are incorrect as they either refer to location, coverage limits, or specific expenses, which are not included in the declarations section.