Which item would you typically see in property and casualty declarations?

• A. Policy limits
• B. Age of insured
• C. Open peril
• D. Coupon rate

Answer: (A)

In property and casualty declarations, the key information is the limits of liability—the maximum amount the insurer will pay for a covered loss. The declarations page provides a snapshot of the contract: who or what is insured, the policy period, the premium, the deductible, and the limits of coverage. That makes policy limits the item you’d typically see there.

Age of the insured isn’t a factor in property and casualty declarations; it’s more relevant to life or health insurance underwriting. Open peril describes the kind of coverage (all-risk vs. named-perils) found in the policy form, not a single declaration line. Coupon rate has no relevance to insurance.