Application

A signed statement by a prospective insured person which becomes part of an insurance contract.

*****

Questionnaire providing information to be used in determining the coverage an Insurer will provide as well as the acceptability of the applicant for the amount of Insurance and the premium to be charged.

****

US: A signed statement of facts made by a person applying for insurance and then used by the insurance company to decide whether or not to issue a policy. The application becomes part of the insurance contract when the policy is issued.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *