The textbook also states that the policy must refer to all papers which are part of the policy. with both parties' consent, are part of the written policy". every contractual term in the policy at the time of delivery, as well as those written afterward as policy riders and endorsements. : 11 One insurance textbook states that generally "courts consider all prior negotiations or agreements. : 10 In some cases, however, supplementary writings such as letters sent after the final agreement can make the insurance policy a non-integrated contract. The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. ![]() ![]() In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. ![]() Contract between the insurer and the insured
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