Is an Agreement a Policy
What you call this type of legal agreement is not as important as what is actually included in the agreement. In 1941, the insurance industry began to move to the current system, in which the risks covered are first defined broadly in an “All Risks” or “All Sums” insurance contract via a general policy form (for example.B. “We pay all amounts that the insured is legally required to pay as compensation… “), and then by subsequent exclusion clauses (for example.B.).  If the insured wishes to cover a risk concluded by an exclusion on the standard form, he or she may sometimes pay an additional premium for a confirmation of the policy that outweighs the exclusion […].