Hawaii Insurance License Practice Exam

Where can you find the named insured on a Business Owners Policy (BOP)?

1. Policy Appendix

2. Declarations page

3. Endorsement section

4. Coverage summary

The correct answer is: Declarations page

The named insured on a Business Owners Policy (BOP) is found on the declarations page. This section of the policy provides essential information about the insured entity and clearly specifies the name of the insured party. It serves as a crucial point of reference as it outlines the coverage details, such as the policy period, insurance limits, and the specific risks being insured. The declarations page not only identifies the named insured but also includes other important policy details, making it a vital document in understanding the coverage provided by the BOP. This information is foundational for both the insured and the insurer, as it confirms whose interests are protected under the policy. In contrast, the policy appendix typically contains supplementary information or legal disclaimers, while the endorsement section may modify the coverage or terms of the policy but does not list the named insured. A coverage summary provides a brief overview of the policy's coverage but lacks the specific details of the named insured found on the declarations page.