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    Question

    Which of the following form is designed to be used by

    many different insurers and has exactly the same provisions ?
    A Guaranteed Replacement Form Correct Answer Incorrect Answer
    B Standard insurance Form Correct Answer Incorrect Answer
    C Standard Endorsement Form Correct Answer Incorrect Answer
    D Standard Policy Form Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. ... with both parties' consent, are part of the written policy".

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