Question

All of the following are covered under the conditions section of the CPP (commercial package policy) EXCEPT?

A) Liberalization clause
B) Premiums
C) Examination of your books and records
D) Transfer of rights and duties under the policy

Answer 1

Premiums are not covered under the conditions section of CPP (Commercial Package Policy).

Step-by-step explanation:

The correct answer is B) Premiums.

Under the conditions section of the CPP (Commercial Package Policy), the Liberalization clause, Examination of your books and records, and Transfer of rights and duties under the policy are all covered. However, premiums, which are the amount of money paid to the insurer to purchase the insurance policy, are not specifically covered under the conditions section.