What is the first page of an insurance policy, providing a summary of the contract, called?

• A. Endorsement Page
• B. Dec Page
• C. Index Page
• D. Policy Summary Page

Answer: (B)

The first page of an insurance policy that consolidates key information and summarizes the contract is referred to as the Declaration Page, or "Dec Page" for short. This page includes essential details such as the policyholder's name, the policy number, the coverage limits, the effective dates of the policy, and sometimes the specific coverages that are included.

The Dec Page is crucial because it serves as a quick reference to understand what the policy entails, making it easier for both the insurer and the insured to identify the main aspects of their contract at a glance. It essentially highlights the critical terms of the agreement, ensuring transparency and clarity.

Other options, like endorsement pages, index pages, and policy summary pages, contain different types of information specific to modifications, additional details, or summaries, and do not serve the same primary function as the Dec Page.