What does the 'condition' in an insurance contract typically refer to?

In an insurance contract, 'conditions' refer to the obligations and requirements that must be fulfilled by both the insurer and the insured. These conditions are crucial because they dictate the actions each party must take, or refrain from taking, in order to maintain the validity of the contract and ensure that coverage is activated and remains in force.

Conditions in an insurance policy typically cover a wide range of requirements, such as the need for the insured to pay premiums, report claims timely, and cooperate with the insurer during the claims investigation. They may also include requirements for the insurer to provide notice of cancellation or non-renewal and to defend the insured in certain claims. Thus, understanding these conditions is vital for both parties to manage their responsibilities and the coverage effectively.