保单结构与条款第 530 / 531 题
A bank that financed the insured's equipment is shown on the declarations as a loss payee. That means the bank:
a.Owes the premium if the insured does not
b.Can cancel the policy and collect a refund
c.Is paid for damage to that equipment
d.Receives liability coverage as an insured
解析
A loss payee has a financial interest in specific property and is named so that payment for damage to that property runs to it along with the insured; its rights reach no further than that property. An additional insured, by contrast, is brought under the liability coverage. Only the named insured holds the right to change or cancel the policy and the duty to pay the premium.
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