March 22, 2010

The ISO Floor Dealer Form, CM 00 52, has an exclusion that is very confusing. It states that, “acts or decisions, including the failure to act or decide, of any person, group, organization or governmental body” is excluded. How does this work? Is this used to exclude D&O-type losses?

I’ve tried to explain to our insured and have not succeeded in even explaining to myself.

Continue Reading for Free

Register and gain access to:

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis