Which of the following provisions would be found in the common policy conditions section of the policy?
What are common policy provisions?Common Policy Conditions — the part of the insurance policy typically relating to cancellation, changes in coverage, audits, inspections, premiums, and assignment of the policy.
What conditions are commonly found in an insurance policy?Common conditions in a policy include the requirement to file a proof of loss with the company, to protect property after a loss, and to cooperate during the company's investigation or defense of a liability lawsuit.
What is found in the common policy conditions for a CPP?Common Policy conditions.
Common conditions apply to every type of coverage on a CPP. This includes Examination of Books and Records, Transfer of Rights and Duties, Cancellation, Policy Changes, and Premiums.
Which of the following would not be found in the common policy declarations page of a commercial package policy?The common policy declarations of the CPP contain all of the following, except: Transfer of rights and duties Transfer of Rights and Duties is in the Conditions section, not the Declarations.
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