What information is typically found on the 'Deck Page' of an insurance policy?

Prepare for the CII London Market (LM2) – Insurance Principles and Practices Test. Access comprehensive flashcards and multiple-choice questions with detailed explanations. Get exam ready today!

The 'Deck Page' of an insurance policy serves as a summary that outlines key details relevant to the coverage being provided. This page includes essential information such as the policyholder's name, the coverage types, limits of liability, deductibles, premiums, and the policy period. It essentially acts as an at-a-glance overview for the insured, enabling them to quickly grasp the important facets of their insurance policy without delving into lengthy legal language or exhaustive details.

This contrasts with other elements that might be found within the full policy documentation. For example, the detailed legal description of the policy typically appears elsewhere and contains more complex terms and conditions. Similarly, an exhaustive list of exclusions and limitations is found in different sections of the policy, delineating what is not covered. The historical performance of the insurance company, while important information, is not part of the Deck Page and serves more as a gauge of the insurer's reliability.

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