Definition:
They define subject and the area of insurance, way of signing insurance contract, the risk and period of insurance, exclusion of responsibility of the insurance company, rights and duties of contract partners, way of establishing the level of loss, way and limit (guarantee sum) of payments of compensations or benefits.

Source:

• Act of 11 September 2015 on Insurance and Reinsurance Activity
  Place of publication: (tj. Dz. U. z 2020 r., poz. 895, z późn. zm.)