Introduction, General Rules,
and Conditions—Archived Article

October, 2003

Commercial Inland Marine Program

Summary: The current simplified language program for commercial inland marine coverages follows the modular format of the other commercial lines programs contemporaneously introduced by Insurance Services Office (ISO). This format allows an inland marine coverage part to be used independently to insure property on a monoline basis or in conjunction with coverage parts of the other simplified language programs—commercial property, liability, crime, boiler and machinery, or business income—in a multi-line format. When complete, an inland marine coverage part is comprised of a declarations page, an inland marine coverage form (or forms), two sets of conditions pages and any applicable endorsements.

This article explores the general rules and conditions applying to commercial inland marine coverage under the simplified language program. Any variations in these rules and conditions as they pertain to the separate inland marine classes are noted in the individual coverage form discussions that follow in this tab. The articles in this tab discuss the most recent versions of the commercial inland marine forms from ISO.

General Information

Twelve individual classes constitute the current inland marine division of the ISO commercial lines manual. They are: accounts receivable, camera and musical instrument dealers, commercial articles, equipment dealers, film, floor plan, jewelers block, mail, physicians and surgeons, signs, theatrical property, and valuable papers. All the simplified language inland marine coverage forms contemplate open perils coverage and all but three (film, floor plan, and mail) are nonreporting forms. Rating information for inland marine coverage forms contemplates the presence of a deductible for the coverage.

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