Exam FX Louisiana Property—commercial (A+ GUARANTEED)

Which policy consists of the Declarations and Conditions, Endorsements, and other attachments applicable to a single line of insurance? (a) Commercial Package (b) Monoline (c) Insurance (d) Casualty correct answers (b) Monoline A Monoline Policy contains only one coverage part page 72 A Commercial Package Policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured's business. In a CPP, the business owner may select from all of the following types of coverage EXCEPT: (a) Crime Coverage (b) Boiler and Machinery Coverage (c) General Liability Coverage (d) Workers Compensation Coverage correct answers (d) Workers compensation coverage Workers Compensation is not available through the Commercial Package Policy (CPP). page 74 Which of the following is NOT found in a commercial package policy? (a) Common Policy Conditions (b) Common Policy Declarations (c) Interline Endorsements (d) Certificate of Authority correct answers (d) Certificate of Authority Regardless of how the policy is written, it will be compromised of the following essential elements: Declarations Page, Conditions, Interline Endorsements, and Coverage Parts (Policy Cover) Page 74 All of the following are essential elements of a Commercial Package Policy (CPP) EXCPET (a) Declarations Page