Product Update

ISO Common Policy Conditions Form Discussed in Commercial Property Insurance

This release to Commercial Property Insurance features an expanded provision-by-provision discussion of the Insurance Services Office, Inc. (ISO), Common Policy Conditions (IL 00 17) form.

The ISO Commercial Lines Manual calls for attachment of the Common Policy Conditions (IL 00 17) form to every ISO commercial property policy. It addresses the following issues.

  • Cancellation
  • Changes
  • Examination of the insured's books and records
  • Inspections and surveys
  • Premiums
  • Transfer of rights and duties under the policy

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