Contents

The written instrument in which a contract of insurance is set forth is the policy and it shall contain the information required herein:

(a)The parties between whom the contract is made;

(b)A description of the property, life or interest insured;

(c)The interest of the insured;

(d)The risk insured against;

(e)The period during which such insurance is to continue; COL6/24/2021 CH. 18 THE CONTRACT OF INSURANCE

(f)Either the statement of the Premium or if the insurance is of a character where the exact premium is only determinable upon the termination of the contract, a statement of the basis and rates upon which the final premium is to be determined and paid. Such premium shall exclude as a basis, the appraised value of the land.