| Commercial General Liability Update | |||
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New endorsements Territory endorsements The three new territory endorsements state that if the insurance company is responding in a country where precluded by law, the policy will indemnify the insured. All damages will be paid in U.S. currency. Amendment of Coverage Territory - Worldwide Coverage CG 24 22 This endorsement provides true worldwide coverage. Amendment of Coverage Territory - Additional Scheduled Countries CG 24 23 This endorsement schedules countries in addition to the existing policy coverage territory. Amendment of Coverage Territory - Worldwide Coverage With Specified Exceptions CG 24 24 This endorsement is the opposite of CG 24 23. Coverage responds worldwide except when specifically removed. |
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Not only are policy forms, clauses, rules and court decisions constantly changing, but forms vary from company to company and state to state. This material is intended as a general guideline and might not apply to a specific situation. The authors, LunchTimeCE, Inc., CEfreedom, and Insurance Skills Center, and any organization for whom this course is administered will have neither liability nor responsibility to any person or entity with respect to any loss or damage alleged to be caused directly or indirectly as a result of information contained in this course.
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