in Finance by (36.1k points)

Question: Which clause specifies the perils insured in a scheduled form of policy?

Options:

  1.  Preamble Clause
  2.  Recital Clause
  3.  Operative Clause
  4.  Consideration Clause
  5.  Attestation Clause

Please log in or register to answer this question.

1 Answer

0 votes
by (82.0k points)
selected by
 
Best answer

3. Operative Clause

Operative Clause specifies the perils insured in a scheduled form of policy.


More from the web:

Insuring Clauses are sometimes called operative clauses or simply labelled as “cover”.

The Operative Clause of fire policy consists of three parts, preamble, perils covered and limitations.

It says that the insured carrying out the business/profession as stated in the policy would be indemnified on the basis of the contract.

It includes the name of the insurance company and the name of the person who has applied for the policy.

-_-

Warning:- Content is taken/scraped from web. Please do research for latest facts and figures by own.

Related questions

...