Question: Both the loss sustained version and the loss discovery version of the ISO Commercial Crime Coverage Form contain an Extended Period to Discover Loss condition.
Both the loss sustained version and the loss discovery version of the ISO Commercial Crime Coverage Form contain an Extended Period to Discover Loss condition. Which one of the following statements about this condition is most accurate? Available answer options Select only one option A This condition extends the time period for an insured to report a loss sustained before the effective date of cancellation but discovered within a specified period following the cancellation date. B This condition, which only applies to losses that occur after the end of the policy period but before the end of the discovery period, extends the reporting period by 90 days. C This condition extends the discovery period to five years after the end of the policy period, as long as the insured pays an additional premium. D This condition provides that when the insured changes insurers, the original policy then becomes excess for any newly discovered acts covered by both the old and the new policy
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