Bảo hiểm & Quyền cầm giữCâu 1533 / 1632
A subcontractor's certificate of insurance names the general contractor as 'certificate holder.' Being a certificate holder means the general contractor:
a.Receives the certificate as evidence of coverage, and no more
b.Is an additional insured, with defense and indemnity available
c.Is a named insured who may claim directly on the policy
d.Is a loss payee entitled to covered property loss payments
Giải thích
Certificate holder is an address line: it identifies who was given the document. It confers no rights under the policy. (b) is the status the general contractor actually wants, and it comes only from an additional insured endorsement — mistaking the certificate for the endorsement is the classic and expensive error. (c) goes further still; a named insured is a party to the contract of insurance, which the general contractor is not. (d) is a property-insurance role concerned with who gets paid for damaged property, and it has no bearing on liability coverage.
Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Separate from project insurance, the CSLB requires every active licensed contractor to maintain a 'contractor's bond' (contractor license bond). Its main purpose is to:
- Which statement about the CSLB license bond and a project performance bond is TRUE?
- A preliminary notice must be given by which method to be effective?
- On a private work of improvement where a valid payment bond has been recorded, an unpaid subcontractor may:
- A notice of cessation was recorded after a 30-day work stoppage. This recording affects lien deadlines by:
- 'Completed operations' coverage under a CGL policy is important to contractors because it covers:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)