Legal English Challenge 2023 – Day 9

Read the short text about hire purchase agreements, then select the correct option from the list to complete (1) ….. to (10) ….. .

Although the words “insurance policy” and “insurance contract” are often used ___1___, there are important distinctions. An insurance policy is simply a ___2___ of terms and conditions which do not ___3___  to a particular person, item or interest. However, an insurance contract creates ___4___ between the parties: the insurance company ___5___ the policy holder against certain losses or injuries in return for a payment called ___6___.

Insurance agreements contain provisions about who the insured is, the insuring company, what ___7___ or property are covered, the ___8___ (amount of insurance), any applicable ___9___ (amount which can be deducted),  the policy period and premium amount, together with the ___10____ (a clause in a contract which excludes or restricts liability or legal duty which would otherwise arise) and the endorsments, to name but few.

Now, press the START button to select the correct option from the list to complete (1) ….. to (10) ….. .