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ISO Commercial Property Program

Summary: All policies issued under the ISO commercial property program must include the Commercial Property Conditions Form CP 00 90 07 88 . (The one exception is when the Mortgage Holders Errors and Omissions Form—CP 00 70 06 07 —is the only coverage form under the commercial property coverage part. Form CP 00 70 itself includes the pertinent conditions.) Form CP 00 90 becomes part of a complete policy when added to a Declarations page, a Common Policy Conditions Form, (IL 00 17 11 98 ), a coverage form (such as the Building and Personal Property Form CP 00 10 06 07 ), and a causes of loss form (such as the CP 10 30 06 07 ). Following is a discussion of the conditions found in this form.

Topics covered:

Introduction Concealment, misrepresentation or fraud Control of property More than one coverage applying to loss Legal action against us Liberalization No benefit to bailee Other insurance Policy period and coverage territory Subrogation

Introduction

The commercial property conditions form CP 00 90 contains nine conditions. Although there are differences, most are either substantially identical to or are revised versions of conditions contained in the standard fire policy or in earlier editions of commercial property forms.

Concealment, Misrepresentation or Fraud

A.Concealment, Misrepresentation or Fraud

This Coverage Part is void in any case of fraud by you as it relates to this Coverage Part at any time. It is also void if you or any other insured, at any time, intentionally conceal or misrepresent a material fact concerning:

1.This Coverage Part;

2.The Covered Property;

3.Your interest in the Covered Property; or

4.A claim under this Coverage Part.

Analysis

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