Colorado CDL Practice Test

Access More Questions

A policyholder asks to add a new premises halfway through the policy year. What is the insurer most likely to do if it accepts the change?

Refer the matter to the FOS before making any change Issue an endorsement or revised schedule and adjust the premium if required Automatically waive all existing exclusions Backdate cancellation to the original inception date

Correct Answer:

Issue an endorsement or revised schedule and adjust the premium if required

Explanation:

Accepted mid-term amendments are normally documented by endorsement or a revised schedule, with any necessary premium or terms adjustment.

Access more questions from this quiz

Continue to Colorado CDL Practice Test for more practice questions and the full quiz experience.

Access More Questions