Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
What is the CPP |
Commercial Package Policy |
|
|
Every package policy must have at least _______ parts, Property and Liability. |
Two |
|
|
What are the different CPP's? |
-Commercial General Liability. -Commercial Property. -Equipment Breakdown Protection. -Farm Coverage. -Commercial Crime. -Commercial Inland Marine. -Commercial Auto |
|
|
What are the components of commercial package policy? |
- Common Policy Declaration Page. - Interline Endorsements (as needed). - One or More Coverage Parts. - Common Policy Conditions. |
|
|
What are the six common policy conditions of the CPP? |
- Cancellation. - Policy Changes. - Audit by Insurer. - Inspection by Insurer. - Premium. - Transfer of Rights. |
|
|
___________ ________ _________ may be written as part of a commercial package or as a monoline policy. |
Commercial Auto Coverage |
|
|
Different Commercial Forms have been designed to cover different types of commercial autos, including..... |
Business Auto Liability, Business Auto Physical Damage, Garage (auto dealers and repair shops, and Trucker's. |
|
|
Covers insurer vehicles that are owned, leased, hired, or borrowed by a business, including private passenger autos, trucks, trailers, and other commercial vehicles designed for use on public roads. |
Business Auto Coverage Form |
|
|
What five sections are there in a Business Auto Coverage Form? |
1. Covered Autos. 2. Liability Coverage. 3. Physical Damage Coverage. 4. Conditions. 5. Definitions. |
|
|
What is GKLL? |
Garage Keeper's Legal Liability |
