The determination of whether each relevant coverage is offered on a policy is primarily based on Coverage Pattern Attributes. These attributes define the characteristics and structure of the coverage options available within a specific product line. They dictate how coverages can be applied to different policy types, influencing the availability and configuration of coverages that align with underwriting rules and regulatory requirements.
Coverage Pattern Attributes encompass criteria such as coverage limits, deductibles, and any specific conditions that might affect coverage applicability. By establishing these rules, insurers can ensure that the policy offerings are both competitive and compliant with market standards.
Other options, while relevant to the overall policy and product structure, play different roles. The Generic Schedule relates to the standardization and organization of coverages but does not directly decide their availability. Clause Relationships pertain to how various clauses within a policy interact but do not determine whether coverages are offered. Product Terms encompass the specific definitions and stipulations associated with a product but are secondary to the Coverage Pattern Attributes in terms of offering coverage options.