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Law & BusinessInsurance & Liensmedium12% of exam part

A contract requires the owner to have additional-insured protection under the contractor’s liability policy, subject to policy terms. Which endorsement request matches that requirement?

Correct Answer

A) Additional insured.

An applicable additional-insured endorsement addresses the stated requirement, within its policy conditions and limits. An owner draw or lien action is not an insurance endorsement. Source: https://www.dgs.ca.gov/~/media/Divisions/PD/Document-Links/ITGP/ITGP-Non-Cloud.pdf

Answer Options
A
Additional insured.
B
Owner draw.
C
Lien foreclosure.
D
Sales tax permit.

Why This Is the Correct Answer

An applicable additional-insured endorsement addresses the stated requirement, within its policy conditions and limits. An owner draw or lien action is not an insurance endorsement. Source: https://www.dgs.ca.gov/~/media/Divisions/PD/Document-Links/ITGP/ITGP-Non-Cloud.pdf

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