What is the legal term for the document that outlines the terms and conditions of an insurance policy?

The term that refers to the document outlining the terms and conditions of an insurance policy is the policy contract. This document serves as the foundational agreement between the insurer and the insured, detailing the coverage, exclusions, limits, and obligations of both parties. It is important because it specifies the rights and responsibilities involved and legally binds the parties to its stipulations.

Endorsements are modifications or additions to an existing policy contract that can change its terms or coverage but do not stand alone as the main document. A certificate of insurance serves as proof of insurance coverage rather than detailing the terms, while an application form is a document filled out by the applicant seeking insurance coverage but does not represent the actual policy or its conditions. Therefore, the policy contract is essential for understanding the specifics of the coverage provided.