What document outlines the terms and conditions of an insurance policy?

The insurance contract is the document that clearly outlines the terms and conditions of an insurance policy. This contract serves as the foundational agreement between the insurer and the insured, detailing the coverage provided, the duties of each party, any exclusions, limitations, and the procedure for filing claims. By laying out these essential elements, the insurance contract ensures that both the policyholder and the insurer understand their rights and obligations under the policy.

The other options do not serve this primary purpose. An agent's brochure may promote an insurance product and provide general information, but it lacks the specificity and binding legal terms of the insurance contract. A claims handbook typically focuses on the process for filing and managing claims, rather than detailing the entire policy. The policyholder's agreement, while it may sound relevant, is not a commonly recognized term in insurance law and does not specifically refer to the official documentation of terms and conditions found in the actual insurance contract.