Which clause ensures that the policy and application constitute the entire agreement?

The clause that ensures the policy and application together constitute the entire agreement is known as the entire contract clause. This is a critical provision in insurance contracts because it specifies that the contract is complete as it stands, and no other documents, promises, or statements outside of the policy and application can alter or affect the terms of the agreement.

In essence, the entire contract clause protects both the insurer and the insured by preventing either party from claiming additional stipulations or agreements that are not documented in the policy. This reinforces the principle of good faith in insurance contracts, as it emphasizes that all relevant information has been disclosed and that both parties are bound by the terms set forth in the final documents.

The other clauses mentioned do serve important purposes in their own rights, but they do not fulfill the same function as the entire contract clause. For example, the absolute assignment clause pertains specifically to transferring ownership of a policy, while the premium payment clause relates to the obligations of the policyholder regarding premium payments. The misstatement of age or gender clause addresses mistakes in the information provided regarding those specific attributes but does not encompass the overall agreement as the entire contract clause does.