Minnesota Real Estate Exam Practice Question
Which section of an insurance policy clarifies the meanings of certain terms used in the policy?
Correct Answer: C
Rationale: The section that clarifies the meanings of certain terms used in an insurance policy is the definitions section. This part provides essential clarity, ensuring that both the insurer and the insured understand the specific terminology, which is crucial for interpreting the policy accurately.
Option A, conditions, outlines the obligations and responsibilities of both parties but does not define terms. Option B, declarations, contains key details about the policy, such as the insured's information and coverage limits, rather than definitions. Option D, insuring agreements, specifies what is covered under the policy but does not address terminology.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now