1. Insurance policy, also called insurance policy, is a written offer submitted by the insured to the insurer. After the insurer promises, the insurance policy becomes one of the components of the insurance contract. The insurance policy is generally printed by the insurer in a unified format in advance, and the items that the applicant should fill in on the insurance policy generally include: (1) the name (or company name) and address of the applicant; (2) the name and location of the subject matter insured, (3) the type of insurance, and (4) the insured value or determination method and the insured amount; (5) Insurance period; (6) date of insurance and signature, etc. In insurance practice, for some types of insurance, the insurer simplifies the procedures and facilitates the insurance. The applicant only needs to make an oral offer and provide relevant documents or certificates, and the insurer can issue an insurance policy or insurance certificate. At this point, the insurance contract was established. The applicant shall truthfully fill in all the requirements of the insurance policy. If the insurance policy is falsely filled in and not amended, the insurer may terminate the insurance contract accordingly.

2. A temporary insurance policy is a temporary insurance certificate before the insurer issues a formal insurance policy. The temporary insurance policy contains the main contents of the insurance contract, such as the name of the insured, the subject matter of insurance, the scope of insurance liability, the amount of insurance, the insurance rate, and the start and end time of insurance liability. Before the formal insurance policy is delivered, the temporary insurance policy has the same effect as the insurance policy; After the formal insurance policy is issued, its contents are incorporated into the insurance policy, and the temporary insurance policy is invalid. If the insured accident occurs before the issuance of the insurance policy, the matters not specified in the temporary insurance policy shall be subject to the contents of the insurance policy agreed by both parties in advance. There are three situations to use temporary insurance policies: one is insurance.

A temporary policy issued by an agent or insurance broker. An insurance agent may issue a temporary insurance policy as evidence of the insurance contract before obtaining insurance business and completing the insurance policy with the insurer. After the insurance broker and the insurer reach an agreement on the main contents of the insurance contract, they may also issue a temporary policy to the applicant, but the temporary policy is not binding on the insurer. If the insured suffers damage due to the fault of the insurance broker, the insured has the right to claim compensation from the insurance broker. Second, the branches of insurance companies examine and approve the temporary policies issued by the head office after underwriting certain businesses that need the approval of the head office. Third, the parties to the insurance contract have reached an agreement on the main terms of the contract when concluding the insurance contract, but some conditions need further negotiation; Or the insurer needs to further weigh the insurance risk; Or the formal insurance policy needs to be handled by microcomputer, and the insured is in urgent need of insurance certificates. In this case, the insurer issues a temporary insurance policy as evidence of the insurance contract before the insurance policy is delivered.

3. Insurance policy Insurance policy, referred to as insurance policy, is the formal written certificate of insurance contract issued by the insurer to the applicant after the insurance contract is established. It is the legal form of insurance contract. The insurance policy should specify all the contents of the insurance contract in detail. Although various types of insurance contracts are different in specific content, length and complexity due to the differences in the subject matter insured and dangerous accidents, they are consistent in defining the rights and obligations of the parties. An insurance policy is not an insurance contract, but a formal document of an insurance contract concluded by both parties through oral or written consultation. As long as the parties to the insurance contract agree, the insurance contract is established, and even if the insurance accident occurs before the issuance of the insurance policy, the insurer should bear the obligation to pay the insurance money. If both parties fail to reach an agreement, even if the insurance policy has been issued, the insurance contract cannot be established. But in insurance practice, insurance policy and insurance contract are universal. The filling and delivery of insurance policy is the last procedure to complete insurance contract. Once the insurer issues the insurance policy, the matters previously agreed by both parties and the contents of the temporary insurance policy are incorporated into it. Unless there is fraud or other illegal things, the contents of the insurance contract shall prevail. After the applicant accepts the insurance policy, it is presumed that he has fully agreed with the contents of the insurance policy. In addition to being the proof of insurance contract, in property insurance, the insurance policy has the effect of "marketable securities" under certain forms and conditions, and can be made into instructions or holders, and transferred with the subject matter of insurance. In life insurance, the insured can also use the insurance policy to offset the loan.

4. The insurance certificate is the proof of the insurance contract, which is actually a simplified insurance policy, so it is also called a small insurance policy. Insurance certificate and insurance policy have the same legal effect. Matters not specified in the insurance certificate shall be subject to the contents contained in the similar formal insurance policy. If there is any conflict between the formal insurance policy and the insurance certificate or the insurance certificate has other special provisions, the insurance certificate shall prevail. At present, insurance certificates are widely used in domestic cargo transportation insurance in China. In addition, insurance vouchers can also be used for automobile insurance.

A temporary policy issued by an agent or insurance broker. An insurance agent may issue a temporary insurance policy as evidence of the insurance contract before obtaining insurance business and completing the insurance policy with the insurer. After the insurance broker and the insurer reach an agreement on the main contents of the insurance contract, they may also issue a temporary policy to the applicant, but the temporary policy is not binding on the insurer. If the insured suffers damage due to the fault of the insurance broker, the insured has the right to claim compensation from the insurance broker. Second, the branches of insurance companies examine and approve the temporary policies issued by the head office after underwriting certain businesses that need the approval of the head office. Third, the parties to the insurance contract have reached an agreement on the main terms of the contract when concluding the insurance contract, but some conditions need further negotiation; Or the insurer needs to further weigh the insurance risk; Or the formal insurance policy needs to be handled by microcomputer, and the insured is in urgent need of insurance certificates. In this case, the insurer issues a temporary insurance policy as evidence of the insurance contract before the insurance policy is delivered.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.