Exam DISC-RM Practice Question 407
Study guide: Exam DISC-RM
A bicycle rental shop is in an ISO general liability classification marked with a plus sign in the premium base column. The shop occasionally adjusts the brakes on bicycles customers own. What does the plus sign mean for this account?
- A) Products-completed operations coverage is included in the premises rate and erodes the general aggregate limit
- B) Products-completed operations losses are excluded, because the classification charges no separate products-completed operations rate
- C) A separate products-completed operations rate must be added to the premium, with its own separate aggregate limit
- D) The account must be rated on two premium bases, one for rentals and one for repairs
Answer this question and see the worked solution
Concepts tested
- General Liability Classification
- Products and Completed Operations Liability
- CGL Limits of Insurance