The correct answer is A . A Commercial General Liability (CGL. policy is typically organized around several core components, and three of the most common are the declaration page , the insuring agreements , and the limits/deductibles . The declaration page identifies the named insured, policy period, type of business, locations, and the liability limits purchased. The insuring agreements explain the scope of coverage, such as bodily injury, property damage, personal injury, and legal defence obligations, subject to the wording of the form. Limits and deductibles show the maximum amount the insurer will pay and any amount the insured must absorb before coverage applies in situations where a deductible exists.

B is incorrect because the application may support underwriting, but it is not usually one of the principal structural parts of the policy wording itself, and “warranties” are not a standard defining trio for a CGL form. C and D are incorrect because Accident Benefits are an automobile insurance concept, not a standard part of a CGL policy. “Statutory Conditions” are also more commonly associated with auto or property policy frameworks rather than the classic three-part description of a CGL form.

From a RIBO exam perspective, remember the CGL structure as: who is insured, what is covered, and how much is payable .

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