Which information is NOT included in a policy summary?

A policy summary is designed to provide policyholders with essential information about their insurance policy in a clear and concise manner. Typically, a policy summary includes details such as coverage information, premium amounts, and any limitations or exclusions that may apply to the policy. This allows policyholders to understand what is included in their coverage, the cost they will incur, and any restrictions they should be aware of.

Commission information, however, is not included in a policy summary. The commission is typically related to the compensation paid to agents or brokers for selling the insurance policy and is not relevant to the policyholder’s understanding of their own coverage. Since the policy summary focuses on the terms and benefits of the insurance coverage rather than the financial arrangements between the insurer and the agent, it does not encompass commission details. Thus, recognizing that commission is extraneous to the policyholder's understanding of their insurance is crucial in identifying what should or should not be included in a policy summary.