What is the primary document that outlines the terms of an insurance policy?

The primary document that outlines the terms of an insurance policy is known as the entire contract. This document is crucial because it contains all the agreements made between the insurer and the insured, including the coverage details, policy exclusions, conditions, and any endorsements. It serves as a complete legal agreement, ensuring that both parties have a clear understanding of their rights and obligations under the policy.

While other documents like the application and effective dates are important in the context of an insurance transaction, they do not provide a comprehensive overview of the policy terms. The application is typically used to gather information necessary for underwriting but is not the definitive agreement between the parties. The effective date signifies when the coverage begins, but it lacks the detailed information found in the entire contract. A termination notice, on the other hand, is used to inform the parties about the conclusion of coverage, rather than outlining the terms initially agreed upon. Thus, the entire contract stands out as the foundational document for the insurance policy.