Which of the following correctly identifies the insured in a contract of insurance?

In a contract of insurance, the insured refers to the individual or entity that is covered by the insurance policy and has the right to make a claim for any covered loss. The correct identification of the insured is crucial as it establishes who is entitled to the benefits of the policy and outlines their responsibilities under the contract.

The choice identifying "John Doe trading as the Corner Store" correctly represents the insured because it indicates that an individual (John Doe) is operating a business (the Corner Store) and is the legal entity receiving the coverage. This phrasing captures both the personal and business aspects of the insured, defining John Doe as the person behind the business entity, which is significant for liability and coverage purposes.

Other choices either present a vague or incomplete identification of the insured. For instance, stating "The Corner Store" does not specify who owns or operates the store, which is essential for understanding liability and coverage. Likewise, the option "J.D.'s Corner Store" could imply a business name but lacks clarity regarding the individual or partnership responsible for the business and claims. The last choice, "The Directors and Shareholders of the Corner Store Ltd," represents a collective group that does not directly identify a singular insured party in the context of a personal insurance policy