Bảo hiểm & Quyền cầm giữCâu 1533 / 1605
A subcontractor's certificate of insurance names the general contractor as 'certificate holder.' Being a certificate holder means the general contractor:
a.Is merely entitled to receive the certificate as evidence of coverage — it does not by itself grant additional insured status
b.Has waived its lien rights
c.Owns the policy
d.Is automatically an additional insured with full coverage
Giải thích
A 'certificate holder' is simply the party to whom the certificate is issued for informational purposes. It does not confer additional insured status or coverage. To be protected under the policy, the GC needs an additional insured endorsement.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
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 of the following is TRUE about the difference between the CSLB contractor's license bond and a project performance bond?
- A preliminary notice in California must be served by which method to be effective?
- On a private work of improvement, when 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:
Cập nhật gần nhất: · quy trình kiểm tra
Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)