Unit 10 Commercial Package Policy (CPP)

Which general form contains information about who is insured, when he is insured, and for what lines? A. Common policy declarations B. Common policy conditions C. Common policy exclusions D. Common policy cover page

A. Common policy declarations

Endorsements that may be used with more than one line of insurance are also known as A. Interline endorsements B. monoline endorsements C. biline endorsements D. Dual-line endorsements

A. Interline endorsements

A condition stating that an insured's rights and duties under the policy cannot be transferred without the written consent of the insurance company, except in the case of the death of a named insured, is sometimes called A. the assignment clause B. the transfer clause C. the right to assign clause D. the named insured clause

A. the assignment clause

The two forms that are always included in the CPP are the common policy conditions and A. the common policy declarations B. the common coverage parts C. the common policy exclusions D. the interline endorsements

A. the common policy declarations

A commercial package policy consists of all of the following EXCEPT A. common policy declarations B. common policy components C. common policy conditions D. two or more coverage parts

B. common policy components

The name that is listed first in the declarations and who is assigned certain responsibilities is A. the insurer B. the first-named insured C. the legal representative D. the business

B. the first-named insured

Which of the following conditions states that the first-named insured is authorized to make changes in the terms of the policy with the consent of the insurance company? A. Inspections and surveys conditions B. Transfer of your rights and duties under this policy condition C. Changes condition D. Cancellation condition

C. Changes condition

Which of the following can be included in a commercial package policy? A. Workers' compensation B. Life Insurance C. Commercial builings D. Health and disability insurance

C. Commercial buildings

Which of the following statements concerning the commercial package policy is NOT correct? A. Almost all commercial risks are eligible for coverage under the commercial package policy. B. A complete CPP includes common policy declarations, common policy conditions, and he CPP coverage parts. C. The CPP can only include property and liability coverage D. The insured can choose a variety of eligible commercial coverages based on their needs.

C. The CPP can only include property and liability coverage

Which section of the CPP varies based on the lines of coverage included? A. Declarations B. Conditions C. The coverage parts D. Exclusions

C. The coverage parts

Which of the following is NOT eligible for coverage in a CPP? A. Commercial building B. Commercial general liability C. Workers' compensation D. Commercial inland marine coverage

C. Workers' compensation

Which of the following coverages is NOT eligible for the commercial package policy (CPP)? A. Commercial property coverage B. Commercial crime coverage C. Commercial auto coverage D. Commercial aviation coverage

D. Commercial aviation coverage

All of the following are commercial casualty coverage forms EXCEPT A. general liability B. farm liability C. crime D. ocean marine

D. ocean marine