1. (a) Name of the insured.
2. (b) The property or liability insured.
3. (c) The amount of insurance.
4. (d) The risks insured against.
5. (e) The commencement and termination dates of the covering note.
6. (f) The basis or rates upon which the final premium is to be determined and paid. (If the risk falls within a definite schedule of rates used by the insurer, this rule may be complied with by a declaration in the note and the records that the premium will be based upon such a schedule.)
7. (g) If the extension or renewal is by a separate covering note, or if the entry in the records is a separate entry, such note and/or such entry must refer to and identify the original note or entry.

The covering note and its extension or renewal must be in writing, and the insurer must maintain a permanent record of the original covering note and of all renewals or extensions thereof. Such record and the covering note must contain the following: