A formal writing style is not necessarily âbetterâ than an informal style, rather each style serves a different purpose and care should be taken in choosing which style to use in each case.
insured contract. A term used to specify the limit of contractual liability coverage. This term can refer to lease agreements, easement agreements, and any other agreement that relates to the insured's business.
A standard commercial general liability ( CGL ) endorsement ( CG 24 26 ) that alters the policy 's definition of  insured contract ,  which determines the scope of coverage for contractually assumed liabilities , to require that the injury or damage for which coverage is being sought was caused  in whole or in part  by the named insured or those ...