Stipulation in an insurance policy that states the type of loss the policy covers and lists the parties to the contract.
The part of a policy or bond that recites the insurer's obligation to protect the insured against some sort of loss or damage. This is the heart of the policy.
That part of a bond or policy which recites the agreement of the insurer to protect the insured against some form of loss or damage. Also known as an insuring agreement.