Principles of Risk Management and Insurance, 13th Edition

Section II Conditions

In the previous chapter, some important conditions that apply to Section I and to both Sections I and II were discussed. Some important conditions that apply only to Section II are discussed here.

Limit of Liability

The insurer’s total liability under Coverage E for all damages arising from one occurrence will not be more than the limit shown in the declarations. The liability limit is the same regardless of the number of insureds, claims made, or people injured. The insurer’s total liability for medical expenses for bodily injury to one person resulting from an accident will not exceed the Coverage F limit shown in the declarations.

Duties after an “Occurrence”

Written notice of the event must be provided to the insurer, ...