GK Quiz - Medium

Insurer Information

• The insurer named in the policy declarations is Columbia Casualty Company.

Policyholder Responsibilities in Case of Loss/Damage

• In the event of loss or damage, the policyholder is required to contact Amynta Dealer Solutions immediately.
• The policyholder is required to submit a detailed claim form.
• The policyholder is required to provide the policy number and details of the loss.

Producer Information

• The address listed for the producer PDP Group, Inc. is 10909 McCormick Rd, Hunt Valley, MD 21031.

Policy Cancellation by Insured

• The first Named Insured can cancel the policy by mailing or delivering advance written notice.

Policy Cancellation by Insurer

• The insurer must provide a minimum notice period of 10 days if canceling the policy for nonpayment of premium.

Insurer's Right to Examine Books and Records

• The insurer can examine and audit the insured's books and records any time during the policy period and up to three years afterward.

Insurer's Rights Regarding Inspections and Surveys

• The insurer reserves the right to make inspections and surveys at any time and recommend changes.

Responsibility for Premium Payment

• The first Named Insured is responsible for the payment of all premiums.

Transfer of Rights and Duties Upon Death

• If the insured dies, their rights and duties under the policy are transferred to their legal representative.

OFAC Compliance Exclusion

• Specific exclusions under the OFAC compliance include transactions with designated terrorists and narcotics traffickers.
• Engagement in trade embargoes is excluded under OFAC compliance.
• Violations of federal or state laws are excluded under OFAC compliance.

Type of Policy

• Columbia Casualty Company issues a Surplus Lines insurer policy.

Automatic Renewal of Coverage

• There is no automatic renewal of coverage, renewal requires remarketing.

Consequences of OFAC Regulation Violations

• If a policy violates OFAC regulations, the policy or terms violating OFAC regulations are null and void.

Policy Changes

• Changes to the policy terms must be made in writing and endorsed by the insurer.

Nuclear Energy Claims

• The policy excludes all nuclear energy-related claims.

Coverage of Autos - Symbol 21

• Symbol 21 represents "Any 'Auto'".

Insured's Responsibilities When Using Symbol 27

• The insured must notify the insurer within 30 days of acquiring a new "auto."

Newly Acquired Autos if Declared Symbols are 21, 22, 23, 24, 25, or 26

• Coverage is automatically extended.

Coverage Under Symbol 29 Related to Non-Owned "Autos" Used in Garage Business

• Symbol 29 covers any "auto" used in connection with the garage business.

Coverage for "Autos" Left for Service

• Coverage for "autos" left for service, repair, storage, or safekeeping is designated under symbol 30.

Coverage for "Autos" Acquired After Policy Begins

• "Autos" acquired after the policy begins are automatically covered for 30 days.

Definition of 'Mobile Equipment'

• A 'mobile equipment' is defined as vehicles not required to be registered for use on public roads.

Insurer's Obligations in Case of Total Loss of an Auto

• In case of a covered total loss of an auto, the insurer is obligated to pay the actual cash value of the auto.

Restrictions on Changes in Policy's Deductibles

• Changes in the policy's deductibles require mutual agreement between the insured and the insurer.

Circumstances Under Which Pollution Exclusion Does Not Apply

• The pollution exclusion does not apply if the discharge of pollutants is sudden and accidental.

Policy's Stance on Contractual Liability

• Contractual liability is generally excluded except for specific indemnity agreements.

Handling of Claims Arising from Discrimination

• Claims arising from discrimination are not covered under this policy.

Conditions Applying to Insured's Duty to Cooperate

• The insured has a duty to cooperate by providing all relevant documents and access to premises.
• The insured has a duty to cooperate by assisting in the defense and not admitting liability.

Handling of Electronic Data after Cyber Attack

• Electronic data is not covered under this policy in case of a cyber attack.

Provisions for Legal Defense Costs in Liability Claims

• Legal defense costs in liability claims are paid in addition to the limit of liability.

Coverage of Advertising Injuries

• Advertising injuries are covered, subject to a sub-limit per claim.

Coverage for Theft of Customer Autos

• Coverage for theft of customer autos left for service is the same as for owned autos.

Procedure for Insurer to Non-Renew the Policy

• The insurer must provide at least 30 days' written notice if they intend to non-renew the policy.

Handling of Workers' Compensation

• Workers' compensation is excluded from this policy.

Endorsements to Extend Coverage for Autos

• Endorsements included to extend coverage for autos are hired auto and non-owned auto liability.
• There is broadened collision coverage.
• There is extended non-owned auto coverage.

Treatment of Newly Acquired Premises for Liability Coverage

• Newly acquired premises are automatically covered for the first 90 days for liability coverage.

Impact of Merger or Acquisition on Policy

• In case of a merger or acquisition, the insurer must be notified within 60 days, or coverage may cease.

Treatment of Indemnity Agreements

• Indemnity agreements are covered if part of a written contract prior to a loss.

Coverage Limits for Personal and Advertising Injury

• The coverage limits for personal and advertising injury are $1,000,000 per occurrence.

Definition of "Mobile Equipment" in Terms of Liability Coverage

• "Mobile equipment" is defined as equipment such as forklifts not required to be registered for road use.