Page 340 - IC38 GENERAL INSURANCE
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m) A warranty is a condition expressly stated in the policy which has to be
literally complied with for validity of the contract.
n) If certain terms and conditions of the policy need to be modified at the time
of issuance, it is done by setting out the amendments / changes through a
document called endorsement.
o) The most important rule of construction is that the intention of the parties
must prevail and this intention is to be looked for in the policy itself.
Key Terms
a) Policy form
b) Advance payment of premium
c) Cover note
d) Certificate of Insurance
e) Renewal notice
f) Warranty
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