Kentucky Property & Casualty (Chapter 7) verified to pass 2024

Kentucky Property & Casualty (Chapter 7)Components of a Commercial Policy (CPP) - correct answer The only class of risk not eligible is property that is eligible for a homeowners policy Policies may be written on a continuous basis for up to three year term Common Policy Conditions - correct answer Form that must be included in the Commercial Package Policy; it contains conditions that apply to all coverages issued under the CPP Interline endorsements - correct answer Endorsements are designed to reduce policy coverage redundancy. The insurer offering the package can use a single endorsement to modify some or all of the coverage parts within it as specified in the endorsement 7 contract parts CPP - correct answer Farm coverage Commercial property Commercial inland Marine Floaters Equipment Breakdown coverage Commercial general liability Commercial crime Commercial auto Each CPP must have at least 2 4 elements of CPP - correct answer Declarations Policy conditions Endorsements Coverage parts