Property and Casualty Insurance License Exam Cram™

Chapter 11. The Commercial Package Policy

Terms you'll need to understand:

• Coverage part

• Mono-line policy

• Multi-line policy

• Package policy

• Interline endorsements

• First named insured

Concepts you'll need to master:

• Commercial package policy

• Eligible commercial coverages

• Common policy declarations

• Common policy conditions

Throughout the remainder of this course, we review insurance policies designed for businesses. Because businesses share many of the same exposures to risks as individuals, you will find many similarities between personal and commercial forms. But businesses also have many unique exposures that require different policies or modifications of the coverages we've already reviewed.

Just as families often choose the convenience of package policies ...