Answer:
The correct answer is B. conditions.
Explanation:
The general conditions are the texts of the standard contracts, which must be used by insurance companies in the contracting of insurance, which contain the regulations and stipulations that govern the respective contract.
These conditions must contain, at least, the following stipulations related to: coverage and insured matter; exclusions; obligations of the insured; aggravation or alteration of risk; insured statements; premium and effects of your non-payment; claim reporting procedure; insurance termination; communication between the parties and, in general, all those matters destined to regulate the contract that do not constitute particular conditions of the same.
The state laws governing contracts as an insurance policy does not require element of Conditions.
An insurance policy is a legal contract that binds both policyholder and the insurance company towards each other.
For an insurance policy, the general conditions are the texts of the standard contracts, which must be used by insurance companies in the contracting of insurance, which contain the regulations and stipulations that govern the respective contract.
Hence, insurance policy must conform to the state laws governing contracts which require all of the following elements except conditions.
Learn more about insurance policy here : https://brainly.com/question/1198575
