Which of the following is NOT covered by the promise to pay in an insuring clause?

The promise to pay in an insuring clause specifically outlines the insurer's commitment to provide financial benefits in the event of a covered loss. This typically includes the benefit amount that will be paid out, alongside details about the claim procedures that must be followed to receive those benefits.

The premium payment deadline is also not part of the promise to pay, as it is related to the policy's maintenance rather than the insurer's obligations in the event of a claim. However, the calculation of premium refers to how the premium is determined and is not included in the promise to pay—this focuses solely on the insurer’s obligations during the policy's term and when a claim is made. The correct answer highlights that while premium calculation might be essential for understanding the overall policy costs, it does not constitute a promise to pay in situations where a claim is filed.

By focusing on the insuring clause, one sees that it primarily deals with claim outcomes and the associated benefits rather than with the operational details related to premiums.