Where are most of the differences Compare between ISO HO-3 Special Form and ISO policy:

• HO-2 Broad Form?
• HO-5 Comprehensive Form?
• HO-4 Contents Broad Form?
• HO-6 Unit-Owners Form?
• HO-8 Modified Coverage Form?

The primary differences between the forms occur in Section I—Property Coverages.

What are the two differences between the HO-2 and HO-3 policy forms?

1. The HO-2 covers the dwelling building and other structures against fewer causes of loss. The causes of loss are limited to the named perils listed in the policy for Coverages A, B, and C. The list of named perils resembles the list of named perils in the HO-3 for Coverage C.

2. For the HO-2, the burden of proof shifts to the insured for losses under Coverages A and B. For coverage to apply with a named perils policy, the insured must prove that the loss was caused by a covered cause of loss.

How is the HO5 (comprehensive form) different than HO3 (special form)?

1. The HO-5 is essentially an HO-3 that has been modified to provide special-form coverage to Coverage C as well as Coverages A and B.

2. The HO-5 covers personal property for loss by any peril, subject to the exclusions that also apply to Coverages A and B.

3. The HO-5 changes coverage for personal property in the following ways:
a. Covers water damage, including flood, for personal property away from the premises.
h. Coverage does apply to personal property damaged by rain through an open window, door, or roof opening even if thebuilding itself is not damaged.
c. The special limits of 1,500 for jewelry and furs, 2,500 for firearms, and 2,500 for silverware also apply not only to
theft, but also to the perils of misplacing or losing the items.

1. It is often referred to as
a “tenant homeowners policy” or a “renters policy,” ...it's designed  for those who live in a rented house or apartment.

One thing to know about the HO-6 Unit-Owners Form (HO 00 06)  is:

HO-6 Unit-Owners Form (HO 00 06) is a homeowners policy tailored to cover the exposures faced by people who own a condominium unit or a cooperative unit.

The HO-6 differs from the HO-3 in the following  crucial ways:

(There are 9 total differences, but only a few are listed).

 1. Coverages in coverage A are for 'the unit' only and have a $5k limit.

2. Coverage B is eliminated.

3. Coverage C limit is selected by the insured.

4. Coverage D is 50% of Coverage C.

5. Section I is 'replacement cost' but repairs m/b made in reasonable time frame.

One thing to know about the HO-8 Modified Coverage Form (HO 00 08) is:

HO-8 Modified Coverage Form (HO 00 08) is designed for use in cases in which the replacement cost of an owner-occupied dwelling significantly exceeds its market value.

The HO-8 differs from the HO-3 in the following ways:

 1. Repairs use functionally equivalent materials. No antique materials.
2. If no repairs, then limit d/n exceed mkt value at time of loss.

3. Section I losses are covered for limited named perils.

4. Theft limit is $1k.

5. The HO-8 does not include the additional coverages of collapse,
landlord’s furnishings, ordinance or law, and grave markers.

1. Scheduled Personal Property Endorsement (HO 04 61) is used to provide coverage for insureds who own jewelry, furs, or other eligible property for which an unendorsed homeowners policy might not provide adequate protection.

2. Scheduled Personal Property Endorsement (with agreed value loss settlement) (HO 04 60) provides agreed value coverage on all scheduled property items.

Endorsements that modify Section I—Property Coverages.  HO2,4,5,6 & 8

 Seven endorsements that increase limits:

1. Other Structures—Increased Limits Endorsement (HO 04 48)

2. Increased Limit on Personal Property in Other Residences Endorsement (HO 04 50).

3, Coverage C Increased Special Limits of Liability Endorsement
(HO 04 65 or HO 04 66).

4. Increased Limit on Business Property Endorsement (HO 04 12).

5. Credit card, fund transfer card or access device, forgery, and counterfeit money coverage (HO 04 53).

6. Ordinance or Law—Increased Amount of Coverage Endorsement (HO 04 77).

7. Inflation Guard Endorsement (HO 04 46) gradually increases.

Endorsements that modify Section I—Property Coverages.  HO2,4,5,6 & 8.

Two Endorsements that change the valuation approach:

1. Additional Limits of Liability for Coverages A, B, C, and D Endorsement (HO 04 11).

2. Personal Property Replacement Cost Loss Settlement Endorsement (HO 04 90).

Endorsements that modify Section I—Property Coverages:  HO2,4,5,6 & 8.

Four endorsements that add coverage for more perils:

1. Special Computer Coverage Endorsement (HO 04 14) provides special-form coverage for computers and computer equipment.

2. Special-Form Contents Coverage Endorsements (HO 05 24 or HO 17 31) can be used to modify homeowners forms other than the HO-5 to provide contents coverage similar to that of the HO-5.

3. Earthquake Endorsement (HO 04 54) provides coverage for damage caused by earthquake and land shock waves caused by volcanic eruption.

4. Water Back-Up and Sump Discharge or Overflow Endorsement (HO 04 95) provides coverage up to $5,000.

Endorsements that modify Section II—Liability Coverage:

Six endorsements that modify forms (HO2, HO4, HO5, HO6, HO8).

A. Personal Injury Endorsement (HO 24 82) adds an additional liability insuring agreement expanding the homeowners policy.

B. Business Pursuits Endorsement (HO 24 71) can be added to any
homeowners form to extend Section II liability coverage to a
person and business listed on the endorsement.

C. Additional Residence Rented to Others Endorsement (HO 24 70) extends Coverages E and F to one- to four-family residences that
are owned by the insured and rented to others.

D. Incidental Low-Power Recreational Vehicles Endorsement (HO 24 13) extends Coverages E and F to cover RVs.

E. Owned Snowmobile Endorsement (HO 24 64) extends Coverages
E and F to scheduled snowmobiles while they are off an insured location.

F Watercraft Endorsement (HO 24 75) extends Coverages E and F
to an otherwise excluded watercraft.

Endorsements that modify Sections I and II:

Five endorsements that modify forms HO2, HO3, HO5, HO6 and HO8.

A. Endorsements (three of 'em) dealing with who is insured.

B. Endorsements (three of 'em) providing business-related coverage.

C. Loss Assessment Coverage Endorsement (HO 04 35) provides
higher limit for this coverage under both Sections I and II.

D. Endorsements (three of 'em) for use with condominiums.

A. Section II provides (2) types of third party coverage.

1. Coverage E—Personal Liability coverage.

2. Coverage F—Medical Payments to Others

The following are included as insureds for Section II coverages:

1.The policyholder (the namned insured)

2.Residents of the household who are relatives

3.Residents < 21& in the care of the namned insured or resident relatives.

4.full-timne student

5.animnals or watercraft owned by 1, 2, or 3
6.Anyone employed by a person defined in 1, 2, or 3,

7.any1 using any vehicle covered by the policy on
location, with the consent of the namned insured

Coverage F applies to people who are injured in the following situations:

1. A person on an “insured location” with the permission of an insured. The definition of “insured location” has 8 variations.

 2. A person off the insured location is injured:

a. b/c conditions on the insured location.
b. By insured’s activities.
c. By a “residence employee” of the insured during the course of employment.

d. By an animal owned by or in the care of an insured.

1. Motor vehicle, watercraft, aircraft, and hovercraft liability exclusions.
2. Expected or intended injury or damage exclusion—Section II is protection .... resulting from an accident.

3. Business exclusion—Excludes business activities of any insured, but provides coverage for occasional or part-time activities.

4. Professional services exclusion

5. Locations that are not insured

6. War exclusion

7. Communicable disease exclusion

8. Sexual molestation and physical or mental abuse exclusion

9, Controlled substances exclusion

1. Loss assessment exclusion

2. Liability assumed under contract exclusion  

3. Damage to the insured’s property

4. Property in the insured’s care exclusion

5. Bodily injury to persons eligible for workers compensation benefits exclusion

6. Nuclear liability exclusion

7. Bodily injury to an insured exclusion

1. Residence employee off-premises exclusion

2. Bodily injury to persons eligible for workers compensation benefits exclusion

3. Nuclear reaction exclusion

4. Injury to residents exclusion

1. Claim expense additional coverage.

2. First-aid expenses additional coverage

3. Damage to property of others additional coverage.

4. Loss assessment additional coverage

A. Limit of liability - Coverage E

B. Severability of insurance

C. Duties after loss

D. Duties of an injured person - Coverage F

E. Payment of claim - Coverage F

F Suit against the insurer

G. Bankruptcy of an insured

H. Other insurance—Coverage E—Coverage E limits are paid in excess over any other collectible insurance unless the other insurance is written specifically to provide excess coverage.
I. Policy period—Coverage

J. Concealment or fraud condition

A. Liberalization clause

B. Waiver or change of policy provisions

C. Cancellation

D. Nonrenewal

E. Assignment

F Subrogation

0. Death

Definition of Severability of insurance

Policy condition that applies insurance separately to each insured;
does not increase the insurer’s limit of liability for any one occurrence.

FYI - No deductible applies to Section II coverages.

1. Limits—automatically include a basic limit generally set at $100,000 per occurrence.

2. Coverage trigger—Coverage is provided, up to the policy limit, for damages for which an insured is legally liable.

3. Defense costs coverage—the insurer pays defense costs if an insured is presented with a lawsuit that involves a claim that is covered under the policy.
a. Even if the suit is groundless, false, or fraudulent.
b. Insurer has the right to investigate and settle any
claim in a way that the insurer decides is appropriate.

E (personal Liab) & F (pmts to others) Coverage does not apply to motor vehicles
that :

Note: It's a homeowners policy, not a car, motorcycle policy!

1. Limits—automatically included in all homeowners policies for a limit generally set at 1,000 per person for a single accident.

2. Coverage trigger—Coverage is provided, up to the policy limit, for the necessary medical expenses incurred by others (not an insured) within three years of an inj ury. It does not apply to the named insured or other regular residents of the household except “residence employees.”

A domestic worker whose duties include maintaining or using the household premises or performing domestic or household services.

E (pers liab) & F (pmts to others) does apply to motor vehicles that are:

Limits under Section II - Additional coverages are....

1. Damage to property of others additional coverage—The insurer will pay up to $1,000 per occurrence for damage to the property of others caused by an insured, Coverage is provided on a replacement cost basis.

2. Loss assessment additional coverage—Loss assessment coverage is provided up to $1,000 for an insured’s share of loss assessment charged against a policyholder during the policy period

1. Give the insurer written proof of the claim as soon as possible (under oath if required).

2. Authorize the insurer to obtain copies of medical reports and records.

What two coverages are included under physical damage coverage on a PAP?

Collision (does not include collision with bird or animal)

Other than collison (previously called comprehensive)

When does theft coverage begin?

48 hours after the theft and coverage extends until car is returned to use.

(coverage for other than theft waits only 24 hours)

NOTE: $20/day up to $600.

What is diminution in value?

Actual or perceived loss in resale value directly resulting from a loss.

How is appraisal used and why?

In cases when the insurer and insured disagree on the amount of the loss, each hires an appraiser and the two appraisers hire a competent judge.

What are the 7 general duties of the insured under Part E of the PAP?

PCS PEAP

1 Prompt notice

2 Cooperation with insurer.

3 Submission of legal papers to insurer.

4 Physical examination

5 Examination under oath

6 Authorization of medical records.

7 proof of loss.

What is limited Mexico coverage?

PAP offers no coverage into Mexico, but an endorsement can be added for up to 25 miles.

1. Notify the police if a hit-and-run driver is involved.

2. Submit a copy of the legal papers to the insurance company.

1. Take reasonable steps after the loss to protect a covered auto or non owned auto and its equipment.

2. Notify the police promptly of a stolen vehicle.

3. Permit the insurer to inspect and appraise damage before repair or disposal.

1. Insurer's right to subrogation.

2. PAP applies during policy perior and territory.

3.Cancellation; NORMAL, >60days&<60 days.

4. Nonrenewal.

5. Automatic termination (non payment or cancell)

6. Two policies with same insurer; only highest limits apply not the combined limits).

During a policy period, 4 changes by an insured that will impact premium are:

1. Change number, type or use of vehicles.

2. Change operators.

3. Change principle garage location.

4. Change coverage, deductibles or limits.

For insured to retain right to sue the insurer:

In general,

In case of liability.

In general, must comply with policy terms.

In case of liability, insurer must acknowledge (in writing) that the insured is liable.

Misc. vehicle; e.g. ATV

Trailer/camper (plumbing)

Customized equipments (customer cabinets in van)

Snowmobile

Named non-owner (friend drives covered vehicle)

Limited Mexico.

Underinsured motorist

Towing and labor

Excess sound producing

1.  Used for business.

2. Only named insured get coverage while using rental snowmobile.

3. Racing isn't covered (even ad hoc racing).

4. Liability to persons while occupying or being towed

What is PAP? 

Does this include motorcycle?

PAP is a Personal Auto Policy.

Motorcycles are not covered since they have less than 4 wheels.

1. Does PAP, part A include coverage for intentional damager?

2. Does PAP, part B cover medical expenses resulting from a motorcycle test drive?

1. NO.

2. NO because less than 4 wheels.

Any vehicle shown in the declaration.

A trailer owned by the insured.

A temporary substitute auto or trailer.

A newly acquired auto

An additional auto is automatically covered for 14 days when the named insured becomes the owner.

A replacement auto is covered for the remainer of the policy period even if the insured does not ask to have it covered.

What's included under supplementary payments in Part A of the PAP?

1. Bail Bonds.

2. Premiums on appeal bonds

3. Post judgement interest

4. Lost earnings due to attending hearings and trials at the insurer's request.

5. Other reasonable expenses made at the insurer's request.

Named insured and family members.

Others occupying the vehicle.

Others entitled due to relationship with anyone above.

What are parts A thru F of the PAP?

LI MED UN DAM DUT GEN

A = Liability

B = Medical Payments

C = Uninsured Motorist Coverage

D = Damage to your auto

E = Duties after an accident or loss

F = General provisions (cancellation, termination)

Critical times for certain definitions:

1. Owned includes lease

2. Newly acquired car when policy HAS NO collision.

3. Newly acquired car when policy DOES HAVE collison.

1. At least a six month lease, but not a two-week rental.

2. 4 days of full coverage with $500 deductible.

3. 14 days

In a split limit policy, what are $100/$300/$50?

Bodily injury limit of $100k/person. for up to $300k per accident and a $50k property damage liability.

If three injured, each receives up to 100k.  If 4 injured, $300 is the limit.  50 is the limit on liability for property damage.

Single limit, the insurer is limited to total of 300 per accident for liability for bodily injury and property damage.

Includes both Special and General damages.

Special are out-of-pocket such as doctor and hospital bills.

General are include pain and suffering.

5 problems with the auto insurance industry?

1. High frequency of accidents.

2. High cost of accidents.

3. Large underwriting losses.

4. Irresponsible drivers.

5. Availability and affordability of insurance.

What are the 7 various approaches to compensate auto accident victims?

TUUF LUC

1. Tort liability.

2. Financial Responsibility laws

3. Compulsory Insurance laws

4. Unsatisfied judgement funds.

5. Uninsured motorists coverage.

6. Underinsured motorist coverage

7. Low-cost auto insurance

Difference between contributory negligence law and comparative negligence law is.

Contributory law says if you are at fault by any percentage, you collect no damages.

Comparative - each party shares in loss based on percentage at fault.

Four criticisms of financial responsibility laws are:

1. Most are only affective after an accident, so what if the negligent driver has no insurance?

2. Victims are not guaranteed payment; e.g. hit&run.

3. Long-delays in legal system, so compensation is slowly received.  e.g. court backlog.

4. Cost of injuries may exceed State's minimum required coverage.

1.Victims are not guaranteed payment; e.g. hit&run

2. Victim's losses may exceed State minimum coverage.

3. Delay in legal system.  compensation is slow.

Which criticisms are unique to compulsory insurance laws?

1. The laws don't reduce the number of uninsured motorists; e.g. lapsed coverage or cancelled coverage.

2. Insurers argue that freedom to select profitable insureds is hampered.

3. Consumers argue safe drivers subsidize reckless drivers since insurers must take them.

4. The laws don't reduce the number of accidents.

Four characteristics of Unsatisfied Judgements Fund are?

Injured MUST get a judgement.

Maximum amount paid usually = the State's recommended minimum.

Negligent driver is not relieved of liability when fund makes payment on their behalf.

Drivers must repay the fund.

Four CRITICISMS of unsatisfied judgements fund are?

1. Financing is not equitable since all drivers pay a fee.

2. Fund administration is cumbersome.

3. Funds is seldom paid back.

4. Some funds are not financially stable.

Tort liability system has three main characteristics, which are.......

Based on fault or negligence.

Traditionally used to compensate injured auto accident victims.

Negligent driver has legal liability for damage to property or bodily injury to injured victim.

What is contributory negligence?

Comparative negligence?

If person contributes in any way to their resulting injuring, they can not recover damages.

If both the injured person and other driver are negligent, they share the financial burden according to their degree of fault.

Must be included in the policy.

Must purchase increased limits that are higher than the state's minimum limits.

Coverage must apply to all autos covered under the policy.

Pros (1) and Cons (2) of Tort liability system.

Pros: Any operator can be held liable for their negligence.

Cons: 1 Accident victim must prove another driver was negligent before collecting damages.  2. Negligent party may not have insurance or resources to pay the damages.

Pros: All motorists are required by law, to have insurance.

Cons: 1. Do not stop hit-and-run drivers, uninsured motorists or insufficient coverage.  2. Delays in compensation.  3. Do nothing to reduce the number of accidents.

Medical

Rehab (medical)

Loss of earnings, time limit and $ capped.

Expenses for essential services, e.g. housework.

Funeral

Survivors' loss benefits, periodic payments to compensate survivors

Add-on plans, benefits to victims regardless of fault but allows injured party to get damages from negligent party.

Modified, prevent injured from getting damages from negligent driver unless claim exceeds monetary or verbal (disfigurment) threshold.

Choice, Option to purchase no-fault.

Could eliminate fault finding.

Could eliminate inequities in claim payments.

Could correct limited scope of current system.

Could decrease portion of premium dollars paying for claim investigations and legal costs.

Could prevent delays in payment

1Defects in tort system are exaggerated.

2Stories of lower premiums and improved efficiency are  overstated and unreliable.

3Could penalize safe drivers.

4No fault benefits do not include pain & suffering.

T5ort system only needed to be reformed, not replaced.

How is the injured's right to sue under no-fault;

Pure no-fault

Add-on

Modified

Choice

Pure-insured could never sue; their insurer pays all.

Add-on, certain benefits paid regardless of fault, but injured retains their right to sue.

Modified, can sue when claim > monetary or verbal threshold.  IF < the threshold, your insuer pays.

Choice, rights to tort recovery are limited.  Rights to sue are limited, too.

1. Applicants must show inability to get insurance elsewhere x # of days beforehand.

2. Mimimum limits => State's minimum.

3. Certain persons are ineligible (criminals).

4. Premiums usually > standard market.

1Sets rates.

2Approves policy forms.

3Designates insurers to service high-risk business.

4All insurers in state assessed proportionate share of JUA's losses and expenses based on their percentage of voluntary (non JUA) written premium.

1.Higher premiums.

2.Limits at least = state's miniums.

3.may limit medical payments.

4. May have high deductibles on collision.

Seven Primary rating factors are:

MAS E TU Good

Marital status.

Age.

Sex

Eductation credit

Territory

Use of auto

Good student

FIVE other rating factors for determining auto premium are:

DR Type L N

Deductibles

Record, driving

Type of vehicle

Liability limits

Number of vehicles

The elements of property loss exposure are:

The property exposed to loss.

The possible cause of loss.

The financial consequences of loss.

Financial consequences resulting from a property loss are: RIL

Reduction in property value.

Increased expenses.

Lost income (as a result of property damage)

The two elements of a liability loss exposure include:

The possibility of a claim for money damages.

The financial consequences of the loss.

Three general catagories of liability resulting in a claim for money damages are:

T C S

Tort Liability.

Contractual.

Statutory

The four intentional torts are:

LATiN

Libel - written untrue

Assault - intentional threat of bodily harm.

Trespass -

Nuisance - violate others' right to enjoy their personal property

The 5 catagories of personal property:

D H U Biz Tran

1.Dwelling Contents

2.High Value - jewelry, furs

3.Property with unusual or intrinsic value - stamp/coins collections

4.Business personal property

5.Motor vehicles, trailers, watercraft, aircraft

Asset exposed to loss

Cause of loss

Financial Consequences

The "product" of the elements "equals" a loss exposure.

Remove any one of the three elements, and a loss exposure is no longe present.

Expressed as Loss Exposure = asset exposed to loss x cause of loss x financial consequences of loss

Asset exposed to loss

Causes of loss

Financial consequence of loss

land

buildings

attached structures

plants growing on the land

and anything embedded in the land, such as minerals.

Dwelling Contents

High-value Personal Property

Rare or Unusal Property

Business Personal Property

Motor Vehicles, Tralers, Watercraft & Aircraft

Reduction in Value of Property

Increased Expenses

Lost Income

Assets exposed to loss

Causes of loss

Financial consequences of loss

General Damages

Special Damages

Punitive Damages (exemplary damages)

Tort liability

Contractual liability

Statutory liability

Breach of a legal duty, if that breach causes harm to another, such as injuryies casued by an auto accident

Breach of contract, such as a failure to pay rent on an agreed date

Failure to adhere to requirements set out in statutes, regulations or local ordinances, such as failing to provide a safe sidewalk at a residence.

Negligence

Intentional Torts

Absolute Liability

A duty to act.

A breach of that duty.

An injury or damage occurs.

The breach of duty is the direct cause of the injury or damage in an unbroken chain of events.

Libel

Slander

Assault

Battery

Trespass

Nuisance

Costs of investigation and defense

Money damages awarded if the defense is not successful or if the claim is settled out of court.

The assets exposed to loss

The cuases of loss

The financial consequences of loss

Retirement loss exposures

Premature death exposures

Poor health and disability exposures

Unemployment exposures

Regular employment income

Related benefits (such as health insurance)

Income, if the person is unable to work

Individual or family savings and other financial assets which may be depleted by health-related expenditures.

Chronic Illness

Physical or Mental disability

Temporary partial disability

Temorary total disability

Permanent partial disability

Permanant total disability

Voluntary (employee quits)

Involuntary (employer terminates)

Friends

Family members

Insurance agents

Step 1: Identifying loss exposures

Step 2: Analyzing loss exposures

Step 3: Examining feasibility of risk managment techniques

Step 4: Selecting the appropriate risk managment techniques

Step 5: Implementing selected risk managment techniques

Step 6: Monitoring results & revising the risk managment program

Identifying the loss exposures

Analyzing the loss exposures

Loss frequency

Loss severity

Total dollar losses

Timing

Risk control techniques

Risk financing techniques

Avoidance

Loss Prevention

Loss Reduction

Separation

Duplication

Diversification

What restrictions are on the Right to Sue for each type of plan:

a. Modified No-Fault Plans

b. Add-On Plans

c. Choice No-Fault Plans

a. Yes

b. No

C. Only if modified no-fault is selected

A motorist can sue for noneconomic losses if the amount of their economic damages exceeds the stated threshold.

State's threshold: $5,000

Wage Loss & Medical: $6,000

Motorist can now sue for pain & suffering . . .

An injured motorist can sue for non-economic damages if his or her injuries are meet a verbal description of serious injuries.

Examples of descriptions of serious injuries include: death, permanent disfigurement or scarring, signficiant and permanent loss of bodily function. . .

• Medical expenses
• Rehabilitation expenses
• Loss of earnings
• Expenses for essential services (household tasks performed by others because the injured person cannot do them)
• Funeral Expenses (usually limited)
• Survivors' Loss Benefits (periodic income payments that partially compensate certain surviors for death of a covered victim)

• amounts are relatively small
• dagages ar usually confined to vehicles
• the amount of damage to property can usually be determined wihtout dififculty
• auto insurers can usually settle claims for property damage to their insured's property quickly

• Limited coverage amounts to those that comply with the state's financial responsiblity or compulsory insurance requirement. In some cases, insurers offer optional higher limits.
• Limited medical payments coverage
• High deductible colision insurance
• Preimums substantially higher

• Applicants have to have been unable to obtain insurance for a period of time
• The minium limits of insurance offered are at least equail to the state's financial responsibility or compulsory insurance requirements.
• Ceterain applicants may be inelgible for coverage: not having a valid driver's license, habitual violators of state and local laws.
• Premiums are generally high than premiums in the voluntary market

Territory

Use of the auto

Age

Gender

Marital Status

Driving record

Driver education

Good student

Multi-car policy

Years of driving experience

Credit based insurance score

Type of auto

Deductibles

Liability Limits

• Part A--Liability Coverage
• Part B--Medical Payments Coverage
• Part C--Uninsured Motorists Coverage
• Part D--Damage to Your Auto Coverage
• Part E--Insured Duties Following an Accident or Loss
• Part F--General Provisions

• Name and Mailing address of the insured
• Name of the insurer issuing the policy
• name and address of the producer (if applicable)
• Policy Period
• Description of the covered autos
• Limits of liability
• premium & rating information
• any endorsements that may apply to the policy