Which clause in an insurance policy specifically outlines the conditions under which the insurer will pay for a loss?

The insuring agreement is a crucial component of an insurance policy as it outlines the insurer’s commitment to cover certain types of losses under specified conditions. This clause typically specifies what risks are insured and provides details about the coverage provided by the policy. It defines the scope of coverage, including any limits, conditions, and exclusions that may apply.

In contrast, the endorsement clause refers to modifications or additions made to the main policy, which may alter coverage or terms. The conditions clause outlines the responsibilities of both the insurer and the insured, often detailing the obligations that must be met for the policy to remain in force or for a claim to be valid. The warranty clause involves assertions about certain facts or conditions that must be true for the policy to be effective but does not specifically define the areas of coverage or the conditions for payment of claims.

Thus, the insuring agreement uniquely focuses on the insurer's promise to pay for covered losses, making it the correct answer in this context.