In insurance, who is responsible for the conditions of the policy?

In an insurance policy, both parties to the contract—the insurer and the insured—hold responsibilities for the conditions of the policy. The insurer has the obligation to provide coverage as stipulated in the policy, while also adhering to the regulatory standards governing insurance practices. On the other hand, the insured is responsible for fulfilling certain obligations, such as timely premium payments and providing accurate information during the application process.

This mutual responsibility ensures that both parties understand their roles and the terms of the contract, promoting fair treatment and accountability. The insurer is expected to honor claims based on the agreed terms, while the insured must comply with the policy conditions to maintain coverage. This contract framework emphasizes the collaborative nature of the insurance agreement, making clear that both parties contribute to its execution and enforcement.