A word at the foot of a proposal form. The proposer agrees that the proposal and declaration shall be held to be promissory and shall be the basis of the contract. Although the proposal specifically makes the statements ‘promissory’, they do not necessarily constitute continuing warranties, making the contract voidable if contravened at any time during the policy period. The term emphasises that the proposal answers amount to express conditions (i.e. warranties in insurance parlance) as distinct from mere representations so that the replies are taken as statements of fact and not of intention. The expression may reinforce the fact that the completed proposal form and declaration form the basis of the contract.