<Ul> <Li> Declarations - identifies who is an insured, the insured's address, the insuring company, what risks or property are covered, the policy limits (amount of insurance), any applicable deductibles, the policy period and premium amount . These are usually provided on a form that is filled out by the insurer based on the insured's application and attached on top of or inserted within the first few pages of the policy . </Li> <Li> Definitions - Defines important terms used in the rest of the policy . </Li> <Li> Insuring agreement - Describes the covered perils, or risks assumed, or nature of coverage . This is where the insurance company makes one or more express promises to indemnify the insured . </Li> <Li> Exclusions - Takes coverage away from the insuring agreement by describing property, perils, hazards or losses arising from specific causes which are not covered by the policy . </Li> <Li> Conditions - These are specific provisions, rules of conduct, duties, and obligations which the insured must comply with in order for coverage to incept, or must remain in compliance with in order to keep coverage in effect . If policy conditions are not met, the insurer can deny the claim . </Li> <Li> Policy form - The definitions, insuring agreement, exclusions, and conditions are typically combined into a single integrated document called a policy form, coverage form, or coverage part . When multiple coverage forms are packaged into a single policy, the declarations will state as much, and then there may be additional declarations specific to each coverage form . Traditionally, policy forms have been so rigidly standardized that they have no blank spaces to be filled in . Instead, they always expressly refer to terms or amounts stated in the declarations . If the policy needs to be customized beyond what is possible with the declarations, then the underwriter attaches endorsements or riders . </Li> <Li> Endorsements - Additional forms attached to the policy that modify it in some way, either unconditionally or upon the existence of some condition . Endorsements can make policies difficult to read for nonlawyers; they may revise, expand, or delete clauses located many pages earlier in one or more coverage forms, or even modify each other . Because it is very risky to allow nonlawyer underwriters to directly rewrite policy forms with word processors, insurers usually direct underwriters to modify them by attaching endorsements preapproved by counsel for various common modifications . </Li> <Li> Riders - A rider is used to convey the terms of a policy amendment and the amendment thereby becomes part of the policy . Riders are dated and numbered so that both insurer and policyholder can determine provisions and the benefit level . Common riders to group medical plans involve name changes, change to eligible classes of employees, change in level of benefits, or the addition of a managed care arrangement such as a Health Maintenance Organization or Preferred Provider Organization (PPO). </Li> <Li> Jackets - The term has several distinct and confusing meanings . In general, it refers to some set of standard boilerplate provisions which accompanies all policies at the time of delivery . Some insurers refer to a package of standard documents shared across an entire family of policies as a "jacket ." Some insurers extend this to include policy forms, so that the only parts of the policy not part of the jacket are the declarations, endorsements, and riders . Other insurers use the term "jacket" in a manner closer to its ordinary meaning: a binder, envelope, or presentation folder with pockets in which the policy may be delivered, or a cover sheet to which the policy forms are stapled or which is stapled on top of the policy . The standard boilerplate provisions are then printed on the jacket itself . </Li> </Ul> <Li> Declarations - identifies who is an insured, the insured's address, the insuring company, what risks or property are covered, the policy limits (amount of insurance), any applicable deductibles, the policy period and premium amount . These are usually provided on a form that is filled out by the insurer based on the insured's application and attached on top of or inserted within the first few pages of the policy . </Li> <Li> Definitions - Defines important terms used in the rest of the policy . </Li> <Li> Insuring agreement - Describes the covered perils, or risks assumed, or nature of coverage . This is where the insurance company makes one or more express promises to indemnify the insured . </Li>

What information is not required to be included in advertising material for a life policy