West Virginia Adjusters Practice Exam 2026 – All-in-One Guide to Master Your Adjuster Certification!

The primary sections of a commercial insurance policy are indeed best represented by the first choice, which lists declarations, coverage forms, conditions, endorsements, and exclusions.

The declarations section provides essential information about the insured, the policy period, and the coverage limits. Coverage forms outline the specific types of coverage included, such as general liability or property coverage. Conditions detail the obligations of both the insurer and the insured, setting forth the rules that must be followed in the event of a claim. Endorsements represent modifications or additions to the original policy that change the coverage terms, while exclusions specify what is not covered under the policy, thus clarifying the limits of coverage.

This structured organization of a commercial insurance policy ensures that both the insurer and the insured have a clear understanding of the scope of coverage, the duties required under the terms of the policy, and any limitations that may apply, which is crucial in the event of a loss. Other options listed do not comprehensively address the full structure or key components of a commercial insurance policy, which is why they do not reflect the primary sections as accurately.