Which of the following are statutory conditions?

Statutory conditions refer to the standardized conditions mandated by provincial insurance acts. In Ontario, these conditions are legally required elements included in all automobile insurance policies. They set forth the rights and responsibilities of both the insurer and the insured, ensuring that certain fundamental protections and procedures are upheld.

These statutory conditions include aspects such as the requirement to promptly report an accident, duties of the insured in the event of a loss, and how disputes related to the policy can be resolved. By being required by law, they provide a safety net for consumers and help to create uniformity across insurance contracts.

In contrast, negotiable terms, additional clauses, and optional choices do not share the same legal mandate. Negotiable terms can vary from one policy to another and are subject to negotiation rather than being statutorily enforced. Additional clauses for higher coverage can be included at the policyholder's discretion but are not requirements. Optional choices selected by the policyholder may tailor the policy to individual needs, but they do not have the same legal grounding as statutory conditions.