State any two clauses in insurance proposal form.

State any two clauses in insurance proposal form.
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1 Answer

Answer :

Types of clauses in proposal form:

1. Signature clause: It is also known as attestation clause & it is appeared just below the schedule. The person authorized puts his signature.

2. Schedule clause: Most of the vital information of the particular insured are grouped here (Name, Address, Occupation, premium, period of insurance).

3. Condition clause: In some policy it appeared after signature clause & in some policy it appears below scheduled.

4. Operative clause: It described the scope of cover in details which are heart of policy, which tells what is covered by the policy.

5. Contribution clause: It tells that how much the insurer must pay if there is insurance in more than one company.
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