"Dagger" or Plus Symbol Classes: What They MeanNearly 40 percent of Insurance Services Office's (ISO's) general liability class codes are, what some call, “dagger" codes. Currently, 474 of ISO's general liability class codes are “dagger" classes; however, ISO regularly reviews these codes for continued inclusion.
Condos, Binders and "Walls In" Coverage
The VU "Ask an Expert" service has been made aware of a number of requests from the lenders of condo unit owners who want to be named as mortgagees on the association master policy. In addition, they are demanding that the binder specifically state "Walls In" coverage is provided.
ACORD Form Access Now LimitedMost agents have
historically accessed ACORD forms via their agency management systems or other
ACORD-authorized third-party forms redistributors. This changed on January 1,
2020, when ACORD began charging all users of ACORD forms an End User License
(EUL) fee. The Big 'I' has negotiated an agreement with ACORD allowing most Big
'I' members to continue receiving ACORD forms without having to pay the EUL
READ, BOOKMARK AND SHARE
Legal Terms Every Agent Should Know
Agents are NOT lawyers and should never pretend to be. However, every agent must deal with legal terms and concepts almost daily. Because agents work in a contract-based industry subject to many legal concepts, understanding specific legal terms is necessary.
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RISK AND REALITY REPORTS
Risk & Reality Reports are easy to read e-books that explain complex insurance issues simply, with topics ranging from certificates of insurance, commercial general liability, condominiums and more. VIEW TOPICS