What is the Definition of Declaration?

What is the Definition of Declaration?

Part of a property or liability insurance policy that states the name and address of policyholder, property insured, its location and description, the policy period, premiums and supplemental information. Referred to as the “dec page.”

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Declaration?

What is the Definition of Declaration?

Check out other definition of insurance terms below:


What is the Meaning of ASSIGNED RISK PLANS In Insurance Terms?

Facilities through which drivers can obtain auto insurance if they are unable to buy it in the regular or voluntary market. These are the most well-known type of residual auto insurance market, which exist in every state. In an assigned risk plan, all insurers selling auto insurance in the state are assigned these drivers to insure, based on the amount of insurance they sell in the regular market. (See Residual market)


What is the Meaning of ASSIGNMENT In Insurance Terms?

An agreement under which one party— the assignor—transfers some or all of his owner-ship rights in a particular property, such as a life insurance policy or an annuity contract, to another party— the assignee. (See Absolute assignment; Collateral assignment)


What is the Meaning of ASSOCIATION GROUP In Insurance Terms?

A type of group that generally is eligible for group insurance and that consists of members of an association of individuals formed for a purpose other than to obtain insurance coverage, such as teachers’ associations and physicians’ associations.


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