Final answer:
The provision that names the recipient of insurance claim payments is the payment of claims provision. It designates the beneficiary or the party to receive the claim benefits, which could vary depending on the insurance policy type. Option D is correct.
Step-by-step explanation:
The provision that designates the recipient of claim payments in an insurance policy is the payment of claims provision. This clause in an insurance policy specifies who will receive the payment from the insurance company when a claim is made. The recipient, known as the beneficiary, may be the insured party, a healthcare provider, or another designated party, depending on the type of insurance and the terms of the policy.
The insuring clause, by contrast, outlines the core promise of the insurer to provide coverage under the terms of the policy. The entire contract provision states that the policy document, including endorsements and attached papers, constitutes the entirety of the agreement between the insurer and insured. The change of beneficiary provision allows the policyholder to change the beneficiary designated to receive the policy's benefits.