Presumably there is some sort of underwriting, and perhaps there is some sort of contract detailing who can actually receive a payout. (lawyerist.com)
The «charter» establishing each such school is a performance contract detailing the school's mission, program, goals, students served, methods of assessment, and ways to measure success. (chimeinstitute.org)
The exclusions page of the insurance contract details all those losses that are specifically excluded from the insurance contract. (pocketsense.com)