Exam DISC-IA Practice Question 628
Study guide: Exam DISC-IA
A commercial package policy includes a commercial property coverage part with a mortgageholder shown in the declarations. The first named insured has not paid the premium, and the insurer decides to cancel. Under the Common Policy Conditions (IL 00 17) and the BPP's mortgageholders condition, what is the least notice the insurer must give?
- A) 30 days to the first named insured, and none to the mortgageholder
- B) 10 days to every named insured, and 30 days to the mortgageholder
- C) 10 days to the first named insured, and 10 days to the mortgageholder
- D) 30 days to the first named insured, and 10 days to the mortgageholder
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