Common Policy Conditions — the part of the insurance policy typically relating to cancellation, changes in
coverage, audits, inspections, premiums, and assignment of the policy. The
commercial lines policy forms portfolio promulgated by Insurance Services
Office, Inc. (ISO), takes a modular approach to structuring policies. A
commercial lines policy is made up of a declarations page, the common policy
conditions, one or more coverage forms, and endorsements that modify the
coverage forms. The common policy conditions form (IL 00 17) is used with the
commercial property, general liability, and crime forms to specify the
conditions applicable to the policy.