What is the meaning of declaration in insurance?

The first page of an insurance policy is the insurance declarations page. It lists the named insured, policy term, and other key points about the insurance provided. Also known as the DEC page, it’s the first place to check for essential information about your insurance coverage.

Most small business policies come with insurance declarations pages, including:

A declarations page is important because it summarizes the key points about your policy. It details what you’re insuring, how your coverage works, and how much it costs.

You will generally find the declarations page at the beginning of an insurance policy document. The section is often more than a single page in length.

The declarations page is also known as an information page or a dec sheet. At Square One, we call it a policy declaration. Some other home insurance providers call it a coverage summary.

The declarations page is a summary of the essential information relating to that specific policy.

It includes the:

• named insured
• address of the named insured
• location of the insured premises
• policy term
• policy coverages and limits of coverage
• policy deductibles
• endorsements, limitations, and other key information about the policy

When you receive a new insurance policy, review the policy declarations carefully to make sure that there are no errors.

Most insurance policies have a term of one year. One to two months ahead of your annual policy renewal, you’ll get a new policy document with a fresh policy declaration. Review your new documents each year to stay on top of any changes in your coverage or your premium.

As mentioned earlier, Square One refers to the declarations page as the “policy declaration.” It’s found at the beginning of policy wording documents that we issue. Our policy declaration is usually several pages long.

The important points

• The declarations page on an insurance policy is a summary of essential policy information.
• Declarations pages are also known as policy declarations, information pages, or dec sheets.
• It’s important to carefully review the details on the declarations page when you receive new insurance policy documents.

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• Statutory Declaration means a declaration made in writing according to the requirements of the Oaths Act 2001 (Tas). It is an offence under section 113 of the Criminal Code, as contained in Schedule 1 of the Criminal Code Act 1924 (Tas), to make a false statement in a Statutory Declaration.

• Master Declaration means a written instrument, however named, (i) recorded on or after June 1, 1994, and (ii) complying with section 515B.2-121, subsection (e).

• Condominium Declaration means the Declaration of Condominium for NetApp RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North Carolina Registry.

• Supplemental Declaration means any declaration, resolution or other document which supplements or amends this Master Declaration, entered into by the City in compliance with Section 10.

• Hardship declaration means the following statement, or a substan-

• Customs declaration means the act whereby a person indicates in the prescribed form and manner a wish to place goods under a given customs procedure.

• Relevant Declaration means the declaration relevant to the Shareholder as set out in Schedule 2B of the Taxes Act.

• Declarations Page means the document showing the Insured’s travel arrangements and insurance benefits.

• Condominium Documents means the master deed, recorded pursuant to this act, and any other instrument referred to in the master deed or bylaws which affects the rights and obligations of a co-owner in the condominium.

• LLC Agreements means the Initial Holdings LLC Agreement, the Holdings LLC Agreement, the Initial Investors LLC Agreement and the Investors LLC Agreement.

• Trust Agreements shall have the meanings ascribed to them in the introductory paragraph of the Authorized Participant Agreement.

• Partnership Agreements means the partnership agreements together with all agreements, certificates and other documents provided to and approved by Lender and which govern the existence, operation and ownership of the Partnerships.

• Existing LLC Agreement is defined in the recitals to this Agreement.

• Original Declaration of Trust shall have the meaning set forth in the recitals to this Declaration of Trust;

• Compliance Declaration means a compliance declaration substantially in the form set out in Schedule F;

• Leasing Commissions means leasing commissions required to be paid by Borrower or its Affiliates in connection with the leasing of space to Tenants at any of the Properties pursuant to Leases either in effect on the date hereof or entered into by Borrower or its Affiliates in accordance herewith and payable in accordance with third-party/arm’s-length brokerage agreements, provided that the commissions payable pursuant thereto are commercially reasonable based upon the then current brokerage market for property of a similar type and quality to such Property in the geographic market in which such Property is located.

• Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

• Company IP Agreements means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not to sue, permissions and other Contracts (including any right to receive or obligation to pay royalties or any other consideration), whether written or oral, relating to Intellectual Property to which the Company is a party, beneficiary or otherwise bound.

• Special declarant rights means rights reserved for the benefit of a declarant to perform the following acts as specified in parts 2 and 3 of this article: to complete improvements indicated on plats and maps filed with the declaration; to exercise any development right; to maintain sales offices, management offices, signs advertising the common interest community, and models; to use easements through the common elements for the purpose of making improvements within the common interest community or within real estate which may be added to the common interest community; to make the common interest community subject to a master association; to merge or consolidate a common interest community of the same form of ownership ; or to appoint or remove any officer of the association or any executive board member during any period of declarant control.

• Certificate Insurance Policy The Insurance Policy No. 34726 issued by the Certificate Insurer and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class A Certificateholders.

• Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant. A person controls a declarant if the person: is a general partner, officer, director, or employee of the declarant; directly or indirectly, or acting in concert with one or more other persons or through one or more subsidiaries, owns, controls, holds with power to vote, or holds proxies representing more than twenty percent of the voting interests of the declarant; controls in any manner the election of a majority of the directors of the declarant, or has contributed more than twenty percent of the capital of the declarant. A person is controlled by a declarant if the declarant: is a general partner, officer, director, or employee of the person, directly or indirectly, or acting in concert with one or more other persons or through one or more subsidiaries, owns, controls, holds with power to vote, or holds proxies representing more than twenty percent of the voting interests of the person; controls in any manner the election of a majority of the directors of the person; or has contributed more than twenty percent of the capital of the person. Control does not exist if the powers described in this subsection (1) are held solely as security for an obligation and are not exercised.

• Declarations means all pages labeled declarations, supplemental declarations, or schedule that pertain to this policy.

• Sponsorship Agreement means a document that estab- lishes an advanced licensee as a sponsor for a basic licensee.

• Investment Agreements or “Flow-Through Agreements” means written agreements pursuant to which the Partnership will subscribe for Flow-Through Shares (including Flow-Through Shares issued as part of a unit) or agreements by the Partnership to otherwise invest in or purchase securities of a Resource Issuer, and in respect of Flow-Through Shares comprised of units, the Resource Issuer will covenant and agree:

• Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

• Intercollegiate sport means a sport played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of collegiate athletics.

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