[amp_mcq option1=”Proposal form” option2=”Policy document” option3=”Prospectus” option4=”Claim form” correct=”option2″]<\/p>\n
The correct answer is: B. Policy document<\/strong><\/p>\n A policy document is a legal contract between an insurer and an insured. It outlines the terms and conditions of the insurance policy, including the coverage that is provided, the premiums that are payable, and the procedures for filing a claim.<\/p>\n A proposal form is a document that is used to apply for an insurance policy. It provides information about the insured, the property or person being insured, and the desired coverage.<\/p>\n A prospectus is a document that provides information about a company or investment opportunity. It is used to attract investors and to provide them with the information they need to make an informed decision.<\/p>\n A claim form is a document that is used to file a claim for insurance benefits. It provides information about the loss, the amount of the claim, and the supporting documentation.<\/p>\n In conclusion, a policy document is the only document that is an evidence of the contract between insurer and insured.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Proposal form” option2=”Policy document” option3=”Prospectus” option4=”Claim form” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32276","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\n