MS Law And Business Practice Questions - Mississippi Law And Business Management Examination Exam

What general liability insurance showing does MSBOC require on a commercial application?

At least USD 300,000 per occurrence and USD 600,000 aggregate, with MSBOC listed for cancellation notice At least USD 1,000,000 per occurrence, with no Board listing required Proof of coverage with no minimum limit, the same rule used for residential applicants A workers' compensation policy may be substituted for general liability

Correct Answer:

At least USD 300,000 per occurrence and USD 600,000 aggregate, with MSBOC listed for cancellation notice

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