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POLICY NUMBER COMMERCIAL GENERAL LIABILITY CG 24 26 07 04 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. AMENDMENT OF INSURED CONTRACT DEFINITION This endorsement modifies insurance provided under the following Paragraph 9.
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People Also Ask about
What does amended insurance mean?
An insurance endorsement/rider is an amendment to an existing insurance contract that changes the terms of the original policy. An endorsement/rider can be issued at the time of purchase, mid-term or at renewal time. Insurance premiums may be affected and adjusted as a result.
What is the difference between CG 2033 and CG 2010?
A significant difference between the CG 20 10 and CG 20 33, is CG 20 33's requirement that there must be a written contract or agreement between the additional insured and the named insured. As a way to explain the significance of the written contract requirement, imagine a custom home building project.
What is the endorsement cg2426?
The standard Amendment of Insured Contract Definition commercial general liability (CGL) endorsement (CG 24 26) alters the policy's definition of "insured contract," which determines the scope of coverage for contractually assumed liabilities, to require that the injury or damage for which coverage is sought was caused
What is failure to maintain insurance exclusion?
This exclusion precludes coverage for claims made against insureds when claimants suffer losses resulting from failure to purchase insurance coverage, provided such coverage was available.
What is the failure to supply exclusion?
It is important to keep in mind that the failure to supply exclusion's primary purpose is to preclude coverage when the allegation involves the failure to supply an adequate quantity of the product in question; the exclusion has nothing to do with the quality of the product.
What is unintentional failure to disclose hazards endorsement?
unintentional Failure to disclose all Hazards Named insured agrees that the statements in the Declarations are accurate and complete. If named insured unintentionally fails to disclose any existing hazards, coverage will not be denied because of such failure.
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What is cg2426?
cg2426 is a form used for reporting certain financial information to the relevant tax authority or regulatory body.
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