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Study 5 Exercise

Teacher: Pearl Obleman
Horizontales
Means "against the offeror"
Policies are subject to these in common law provinces
The amount of the loss the insured must pay
Broker's capacity to confirm to applicants they have coverage against certain losses
Verticales
Policies are subject to these in Quebec
Promises the insured makes as part of the contract that a specified state of affairs will continue to exist for the duration of the policy
Policy section that explains what is covered and for how much
The policy can be affirmed or rejected at the option of the aggrieved party
Policy is treated as if it never existed
Written evidence of what coverage has been bound