The Insurance Policy shall be written in a clear way that can be read by the public at large, and shall contain the following:
| 1. | The policy schedule must specify the following as a minimum:
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| | a. | Policy number, which must also be provided in all related document to this policy.
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| | b. | Policyholder’s name and mailing address.
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| | c. | Coverage period.
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| | d. | Coverage descriptions and limits.
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| | e. | Deductibles and Retentions.
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| | f. | Endorsements, Warranties, and Riders.
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| | g. | Conditions and Exclusion.
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| | h. | Insurance rates and premium amounts, basis of premium calculation and the amount of commission paid under the policy.
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| | i. | Identification of the property or activities to be insured.
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| 2. | The standard text of the policy shall contain the type of coverages, general terms, conditions, and exclusions.
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| 3. | Endorsements and riders shall indicate additional coverages, conditions, and exclusions not mentioned above and which are different from the main agreement.
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| 4. | The Company’s signature and seal shall be on the policy and its attachments.
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