Colorado CDL Practice Test

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Which mid-term change should a commercial policyholder most clearly notify to the insurer because it may materially alter the risk?

Changing the colour of staff uniforms A change from ordinary retailing to storing large quantities of flammable solvents Replacing office stationery Changing the business's accountant

Correct Answer:

A change from ordinary retailing to storing large quantities of flammable solvents

Explanation:

A material change in the nature of the business or hazards, such as introducing substantial flammable storage, may alter the insurer's assessment and should be notified in accordance with the policy.

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