A commercial package policy is built from a common declarations page, common policy conditions, interline endorsements, and:
a.two or more separate coverage parts
b.exactly one coverage part per policy
c.a mandatory workers compensation part
d.a common causes of loss form for all parts
Giải thích
A package binds one common declarations page and one set of common policy conditions to two or more coverage parts, such as commercial property, general liability, crime, inland marine and commercial auto, with interline endorsements applying across them. A policy carrying a single coverage part is a mono-line policy, not a package. Each coverage part brings its own declarations, coverage form and causes of loss selection, so no single causes of loss form governs the whole package, and workers compensation is written separately.
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Câu hỏi liên quan cùng chủ đề
- A Businessowners Policy (BOP) is best described as:
- Business income (business interruption) coverage is designed to pay for:
- An inland marine policy is typically used to cover:
- In a commercial package policy, an interline endorsement is one that:
- Under the building and personal property coverage form, which of these is insured as part of the building?
- A tenant pays to install new partitions and lighting in the space it leases. Under a commercial property policy that work is insured as:
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