All of the following are true regarding the structure of a property policy, except:

Insurance

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All of the following are true regarding the structure of a property policy, except:

a. The insured’s duties in case of loss are found in the Insuring Agreement

b. The Declarations include the insured’s name, policy period, policy limits and the amount of premium

c. The bankruptcy condition does not relieve the insurer of its duties or obligations under the policy

d. The Exclusions itemize the perils not covered

Answer: a. The insured’s duties in case of loss are found in the Insuring Agreement

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