How a contract forms
Typical path: proposal (offer) → underwriting → acceptance / policy issue → premium and conditions. Cover notes and conditional acceptance appear in practice—check official timing rules.
Common policy building blocks
Read in order: what is covered → exclusions → conditions/duties → how endorsements rewrite the base contract.
- Definitions control how key words are read
- Conditions can determine whether a claim succeeds
Claims learning frame
Notify → evidence → assessment → decision → pay or decline with reasons. Focus on the balance of duties and investigation rights, not memorising labels.
Study tips
- Sketch a proposal-to-claim timeline and mark points where cover can fail