Solving the Named Insured Puzzle in Commercial Lines Policies

Overview

What could be puzzling about named insureds? What about:

  • Who or what should an insurance application list as the named insured(s), especially if more than one person or entity is to be covered?
  • If there is to be more than one named insured, in what order should the named insureds be listed?
  • What other kinds of insureds are there, and how are their rights and duties different from those of a named insured?
  • Should all of an entity's commercial policies list the same named insured(s)?

This course aims to answer these questions and others, providing a guide for determining who can be a named insured and "other insureds" under a wide range of commercial insurance coverages.

Learning Objectives

Upon completion of this course, students will be able to:

  • recognize the nature and importance of insurable interest requirements
  • recognize various types of insureds that commercial insurance policies might cover
  • recognize the distinctions among named insureds and other types of insureds in commercial insurance policies and the rights and duties associated with each type
  • recognize the issues that can arise with additional insured status

Designed For

Property/casualty insurance producers; adjusters
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
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