Which clause states that only executive officers can authorize changes to the policy?

The entire contract clause is an important provision in insurance policies that emphasizes the concept that the policy and any attached endorsements or riders represent the complete agreement between the insurer and the insured. It ensures that no verbal or written statements made outside of the document can change or modify the terms of the policy.

In the context of the question regarding which clause specifies that only executive officers can authorize changes to the policy, the entire contract clause is relevant because it underscores that any modifications or alterations must be completed through formal procedures established by the insurance company. This often includes authorization by designated high-ranking officials within the organization, thereby reinforcing the idea that only certain individuals, typically including executive officers, have the authority to make changes to the insurance policy.

In contrast, other clauses like the loan values clause focus on the provisions for policy loans, the assignment clause deals with the transfer of rights under the policy, and the premium payment clause specifies how and when premiums should be paid. These other clauses do not pertain to the authority granted to executive officers concerning policy changes.