insuring agreement
An insuring agreement is that portion of the insurance policy in which the insurer promises to make payment to or on behalf of the insured.
insuring agreement
An insuring agreement is that portion of the insurance policy in which the insurer promises to make payment to or on behalf of the insured.
Additional Information
The insuring agreement is usually contained in a coverage form from which a policy is constructed. Often, insuring agreements outline a broad scope of coverage, which is then narrowed by exclusions and definitions.
