Which of the following describes the conditions in an insurance policy?

The correct choice highlights that "rules for the policy" encompass the conditions outlined within an insurance contract. These conditions set the framework for how the policy operates, detailing the obligations and procedures that both the insurer and the insured must adhere to throughout the duration of the policy. This includes various aspects such as how claims must be submitted, the rights of the parties involved, and any requirements for maintaining coverage.

Understanding the conditions is crucial for policyholders, as it ensures they are aware of their responsibilities and the protocols they need to follow should they wish to file a claim or modify their coverage in any way. This clarity fosters a mutual understanding between the insurer and the insured, ultimately contributing to a better management of risk and expectations.

In contrast, the other choices refer to individual components that may be found in an insurance policy but do not encapsulate the comprehensive set of rules governing the policy's operation. Non-covered items, specific exclusions, and payment details are certainly important aspects of an insurance policy, but they do not represent the overall framework or conditions that dictate how the policy functions.