Which policy provision states that the application and policy constitute the entire contract?

The entire contract provision is indeed the correct choice because it explicitly establishes that the policy and the application together form the complete agreement between the insured and the insurer. This provision ensures that no external documents or statements can alter the terms of the contract, providing clarity and legal certainty. It helps protect both parties by ensuring that all terms and conditions are recorded within the policy and application, thereby preventing any misunderstandings or disputes about what is covered or excluded based on verbal promises or other documentation that is not included.

While policy exclusions relate to specific situations or conditions under which coverage is not provided, they do not encapsulate the overall contractual relationship between the insured and the insurer. General provisions outline various standard clauses and practices related to the policy but do not specifically address the nature of the contractual relationship. Beneficiary designation is focused on identifying who will receive benefits upon the insured's death, without reference to the overall contractual integrity established by the entire contract provision. Thus, the entire contract provision is crucial for understanding the foundational aspects of an insurance policy.