Question: Under a Commercial Package Policy (CPP) the first named insured possesses all of the following responsibilities EXCEPT A. canceling the policy in writing B. requesting

Under a Commercial Package Policy (CPP) the first named insured possesses all of the following responsibilities EXCEPT

A. canceling the policy in writing

B. requesting changes of the limits of the policy

C. submitting surveys of the insured business to the insurer

D. receiving any return premiums due

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. Which of the following is required of a covered entity subject to New Yorks cybersecurity regulation? a. Eliminate known threats to its information system b. Conduct a risk assessment of its...

Q:

141. Which of the following CANNOT be covered under a Commercial Package Policy (CPP)? OA. Commercial Crime. OB. Farm. OC. Commercial General Liability. OD. Aviation. 142. An individual who acts on...

Q:

On a commercial package policy the first named insured possesses all the following responsibilities except a - canceling policy in writing b - requesting changes to limits on policy c - submitting...

Q:

PREMIER / canada Form #$72061 (Rev. July 2019) D&O Smart - Complete Solution PLEASE READ CAREFULLY THIS INSURANCE POLICY IS WRITTEN ON A CLAIMS MADE AND REPORTED BASIS WITH ALL DEFENCE COSTS, CHARGES...

Q:

Answers must be between 200-250 words only. Need for the answer to stay within the guidelines and not be copied directly from another source. Universal Life Policy Worksheet FIN/428 Version 1...

Q:

Read the following sample life insurance policies: Universal Life Whole Life Complete the worksheets for each sample policy. Universal Life Policy Worksheet FIN/428 Version 1 University of Phoenix...

Q:

1. After a tornado destroyed their building, a company had to rent another location to continue operations. The cost of renting the other location is classified as what type of loss? Direct B....

Q:

1. After a tornado destroyed their building, a company had to rent another location to continue operations. The cost of renting the other location is classified as what type of loss? Direct B....

Q:

2.Why do most personal property policies have special limits of liability? To require items to be insured for their actual replacement value in the event of a loss To force insureds with personal...

Q:

1. After a tornado destroyed their building, a company had to rent another location to continue operations. The cost of renting the other location is classified as what type of loss? Direct B....

Q:

Name some of the problems the ARC has encountered with handling donation money. The American Red Cross (ARC) is an independent organization, supported by public financial donations and volunteerism....

Q:

On the figures, identify which of the curves is a graph of the derivative of the other. 3 2 4 3 2 1 0 1 2

Q:

5 a Complete the workings to write each fraction as a decimal. Work out the first four decimal places. b. Write the fracti 17 7 , 22 9 , and 27 11 -\frac{17}{7},\ \frac{22}{9},\ \text{and}\...

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...