A policy document for a money-back policy includes the statement of the proposal and declaration signed by the proposer form the basis of the contract’s. In which main section of the policy document will this normally appear?

Attestation
Operative clause
Preamble
Terms and conditions

The correct answer is: C. Preamble

The preamble is the introductory part of a document that states its purpose and scope. In a policy document, the preamble typically includes the statement of the proposal and declaration signed by the proposer, which form the basis of the contract.

The attestation is a statement by a witness that the signature on a document is genuine. The operative clause is the part of a contract that sets out the rights and obligations of the parties. The terms and conditions are the rules and regulations that govern the relationship between the parties to a contract.

Here is a more detailed explanation of each option:

  • A. Attestation
    The attestation is a statement by a witness that the signature on a document is genuine. It is typically found at the end of a document, after the signature of the parties. The attestation is not essential to the validity of a contract, but it can be helpful in proving that the contract was signed by the parties who are bound by it.

  • B. Operative clause
    The operative clause is the part of a contract that sets out the rights and obligations of the parties. It is typically found at the beginning of a contract, after the preamble. The operative clause is the most important part of a contract, as it defines the relationship between the parties.

  • C. Preamble
    The preamble is the introductory part of a document that states its purpose and scope. In a policy document, the preamble typically includes the statement of the proposal and declaration signed by the proposer, which form the basis of the contract. The preamble is not essential to the validity of a contract, but it can be helpful in understanding the purpose of the contract.

  • D. Terms and conditions
    The terms and conditions are the rules and regulations that govern the relationship between the parties to a contract. They are typically found at the end of a contract, after the operative clause. The terms and conditions are not essential to the validity of a contract, but they can be helpful in clarifying the rights and obligations of the parties.