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CIC Flashcards

1
Q

(6) Components of CPP

A

PSCACT - PS… Im a Colorado Athletic Club TANK
Premiums / Surveys / Cancellation / Audits (exam books) / Changes / Transfer of rights and duties

    - Premiums
- Inspections and Surveys (Surveys)
	○ Any time
	○ Not inspection company (insurance purposes only)
    - Cancellation
- Examination of Books and Records (Audit)
	○ Up to 3 years
- Changes
- Transfer of Your rights and duties under this policy
               - Need consent
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2
Q

(6) CPP Decs

A

FBNAPP

     - Forms
- Biz Descriptions
- NI
- Address
- Policy Period
- Premium for Coverage Parts
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3
Q

5 Rights of NI

A

(5 C’s)

- Cancel
- Cancel Notice
- Changes
- Pay Change $
     - Get Change $
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4
Q

(8) Property Coverage Decs

A 
(DEN COD MF) denver cod mofo
	- Deductible 
	- Effective Date
	- NI
	- Coverages
	- Optional Coverages
	- (3) Description of Premises
		○ Where
		○ What 
		○ Who
	- Mortgagee Holders
         - Forms Applicable
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5
Q

(5) Coverages on Property

A

Kobe Coral (CoBCoRL)

- Coinsurance
- 3 B's: Building / BPP / BI
- CCOL
    - Rates
- Limits
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6
Q

Coinsurance Penalty Formula

A

• (Limit / What they should have) * Loss Amount = Recovery - Deductible
- Do has / should has times the loss

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7
Q

(5) Optional Coverages - Property

A 
Telapae AIRBA
	- Agreed Value
	- Inflation Guard 
	- Replacement Cost
		○ Like kind, like quality today
        - Business income
	- Actual Cash Value
		○ Value minus depreciation
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8
Q

(9) Property Conditions

A 
(CCTTLLOON) 
• Concealment Misrep or Fraud
• Control of Property
• Territory and Policy
• Transfer of Rights
• Legal Action against Us
    - Can't sue unless terms are met
• Liberalization
• Other Insurance
     - Pro-rata or excess when two coverages apply the same
• Other Coverages (2 or more)
     - Coverage will only pay for loss amount. Won't pay twice for two policies
• No Benefit to Bailee
     - Policy won't respond to a bailee claim (subcontractor in care of property)
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9
Q

• (4) BPP Coverage Form: Coverage A

A

PIPP

- Preamble
- Insuring Agreement
- Property Covered
- Property Not Covered
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10
Q

Insuring agreement (4)

A

CCDP

- Covered Property
- Covered Cause of Loss
- Direct
- Premises
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11
Q

• (3) Property Covered

A

Building
BPP
Personal Property of Others

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12
Q

Building Coverage (7)

A 
(AAAAMMF)
		○ Additions (Completed)
                  - Additional Property Not Covered
		○ Additions (Not completed if no Builders Risk policy)
		○ Additional Building Property Form
		○ Machinery and Equipment
		○ Maintenance or service equipment
			§ Fire Extinguisher
			§ Outdoor Furniture
			§ Floor Covering
			§ Cooking appliances
		○ Fixtures
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13
Q

(8) Business Personal Property

A

(SMLLOFTP) Smell of Toilet Paper

	○ Stock: finished goods, raw materials, storage
	○ Machinery or equipment (not permanently installed)
	○ Labor and material put into customer property
             - Leased property with contractual obligation to insure
	○ Out of structure by 100 feet, In structure or in vehicle in 100 feet
	○ Fixtures (removable)
	○ TIB
	○ Personal Property used in business
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14
Q

(3) Property of Others

A

(CCCODD)
○ Care Custody or Control
○ On premises
- Direct Damage / no loss of use

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15
Q

Property Not Covered

A 
(4AP, 2FLER)
	• 17 Categories
		○ Accounts 
		○ Animals
		○ Autos
		○ Airborne or waterborne property
		○ Pipes / underground
		○ Property Elsewhere
                - Property Outside
		○ Piers / Docks
		○ Forbidden items / contraband
		○ Foundations
		○ Land, water, crops, lawns
		○ Land Vehicles
		○ EDP
		○ Excavations
		○ Retaining Walls
		○ Research / info
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16
Q

Methods of Writing CPP

A

• BSPMSV) BullSh** PMS Varies
- Blanket Coverage
- Specific Coverage
○ 1 location
- Peak Season Coverage
○ Increase limits during certain time periods
- Margin Clause
○ Limits loss payment for buildings on a blanket
- Scheduled Coverage
○ 2 Location
- (6) Value Reporting Form (unPPPPPP) Un6P

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17
Q

Blanket Coverage Advantages (4) and Disadvantages (6)

A 
○ (4) Advantages (FFFF)
			§ For anything - apply where neede
			§ Fluctuating values between locations
			§ Forms for reporting are easy
			§ Full limit each location, but only 90% coinsurance
		○ (6) Disadvantages (SOSRRR)
			§ SOV Required
                        - Ownership interests at multi locations all listed
			§ Same COL for all property
			§ Rates - 1 year
			§ Restrictions for Underwriting
			§ Required Coinsurance 90-100%
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18
Q
  • (6) Value Reporting Form
A

(unPPPPPP) Un6P
○ Unpredictable PP Values / changing locations
○ Periodic and timely reports
○ Provisional limit
§ Wont pay more than this limit even if report more than it
○ Penalty for under report at time of loss
§ Same as coinsurance. Did / should x loss
- Penalty of 75% of loss paid if report not submitted on time
○ Personal Property Only

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19
Q

• 6 Additional Coverages - Property

A 
(DIEFPP) 
Debris Removal 
     - 25k 25%
Increased Cost of Construction
      - $10K OF 5 % of limit
Electronic Data
       - $2,500
       - Virus / corruption or destroyed data from COL
Fire Dept Service Charge
      - $1k no voluntary
Preservation of Property
Pollutant Clean Up and Removal
       - $10k extraction only
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20
Q

Debris Removal

A 
CDPEEN 25 25
		○ CCOL Property on premise
		○ (4) Doesn't apply to (PEEN)
			§ Polluted land or water
			§ Earth and mud
			§ Extract pollutants
			§ Non-Covered property
		○ 25% of limit 
		○ $25k if hit limit or loss + 25% of limit = greater than limit
			§ 80k loss on 90k limit only pays 10k debris expense + $25k
		○ ENDORSEMENT
                    Debris removal Additional Insurance
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21
Q
  • Preservation of Property
A 
(PATBack) they give you a pat on the back
		○ Prevent damage 
		○ All Risk
		○ Transit
                 - Before 30 days
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22
Q
  • (6) Increased Cost of Construction
A

RPOON 10 /5
○ RC buildings only
○ Pays when replaced
○ Ordinance or Law compliance covered
○ Original premise cost to rebuild if at new premise or ICC limit
- New premise only if ordinance dictates
○ 10k or 5% of building limit

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23
Q

• (7) Coverage Extensions -

A

PPPPPNN - 5P 2N

- Personal Effects and Property of Others
	○ CCC w/ no theft
- Papers Valuable  and Records
	○ $2500
- Property Off Premise (Trade Shows / storage)
- (property Outdoors) Outdoor Property ($1k / $250 / FLARE)
- Portable Units- Temp Storage of BPP (100ft / 90 days / 10k)
- Non-owned Detached Trailers
	○ $5k
- Newly Acquired or Constructed Property 250k / 100k / 30 days
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24
Q
  • Newly Acquired or Constructed Property
A 
○ Building 250k 
			§ On described premises
			§ Acquired locations for limited occupancy similar as Decs description or 
                           warehouse
		○ BPP 100k
			§ Not of others or trade shows
                - Period of Coverage 30 days
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25
Q

Valuable Papers and Records 4

A

Replace or restore if no duplicates
No ED
Broad coverage
$2500

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26
Q

Outdoor Property (3)

A

($1k / $250 / FLARE

$1k
FLARE
$250 for trees, shurbs, radio and antennaes

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27
Q

Non-owned Detached Trailers

A

○ $5k
○ Biz use / CCC / Contract
Must be Unattached

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28
Q
  • Portable Units- Temp Storage of BPP
A

(100ft / 90 days / 10k) (Distance/ time / limit)
○ 100 feet
○ 90 days
10k

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29
Q

• Exclusions and Limitations

A 
- Limits
		○ $2500 for signs
	- Deductible
		○ After Coinsurance
		○ Only once
		○ ENDORSEMENTS
			§ Wind Hail
			§ Multi Deductible
			§ By Location
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30
Q

• (7) Loss Conditions

A 
(LADRAVV) The lads Rav4
	- Loss Payment
	- Abandonment
		○ No Abandonment to us
	- Duties in Event of Loss (PDNSPICS) Please Do Not Send Pics)
	- Recovered Property
		○ Notice required
		○ Insured can accept or deny
	- Appraisal
		○ Value of property
		○ 2 Appraisers, 1 Ump
		○ Either party
	- Vacancy 
	- Valuation (ACV unless under 2.5k. Floor Outdoor doesn't APPLY(ances)
		○ ACV unless under $2,500 loss
		○ Always ACV
			§ Floor covering, outdoor equipment, appliances
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31
Q

Duties in Event of Loss (7)

A 
(PDNSPIC) Please Do Not Send Pics
		○ Police
		○ Description of loss
		○ Notice to carrier
                 - Sworn proof
		○ Protect Property
		○ Inspection at any time
		○ Cooperate
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32
Q

Loss Payment (4)

A

○ Carrier will…
§ Pay Value
§ Pay Cost to repair or replace
§ Take property
§ Repair or rebuild with like kind and quality
○ 30 days for CO to decide
○ Contacting owner of property if needed or party wall
- May defend insured at CO cost

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33
Q

Vacancy (Owner, Tenant, Time, Exclusions, Valuation)

A 
○ Tenant - no BPP
		○ Owner - Less than 31% rented
		○ 60 Days
			§ Excluded (Theft / Water / Glass / Vandalism)
				□ Vandalism
				□ Sprinkler
				□ Glass
				□ Water
				□ Theft
				□ Attempted Theft
	- Valuation (ACV unless under 2.5k. Floor Outdoor doesn't APPLY(ances)
		○ ACV unless under $2,500 loss
		○ Always ACV
                              Floor covering, outdoor equipment, appliances
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34
Q
  • Valuation
A

( ACV unless under 2.5k. Floor Outdoor doesn’t APPLY(ances)

○ ACV unless under $2,500
Always ACV
Floor covering, outdoor equipment, appliances

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35
Q

• (4) Optional Coverages - Property

A 
(I ARE) I are optional Coverages
	- Inflation Guard (ProPP)
		○ Pro Rata through Policy Period
	- Agreed Value
		○ Removes Coinsurance
		○ 5% AP
	- Replacement Cost
	- Extension of RC to PP of Others
		○ Must have RC on NI property
		○ Must trigger RC for Personal Property
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36
Q
  • Replacement Cost (3)
A 
○ Doesn't Apply to (RAPS)
			§ Residence Contents
			§ Art, antiques etc
			§ PP
			§ Stock
		○ ASAP
		○ Least of 
			§ Limit
			§ Replace with like kind and quality
                          - Repair and Replace cost
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37
Q

(3) Causes of Loss

A
  • Basic
    ○ 11 Named COL
    ○ Add Coverages of Fungus, wet rot, bacteria
    • Broad
      ○ Plus Falling Objects, Weight of Snow, Water Damage and Collapse
    • Special
      ○ Everything that isn’t excluded
38
Q

Anti Concurrent Causation Verbiage

A

Tries to exclude any damage if one of the exclusions are involved

39
Q

(8) Special Form Exclusions

A

OGREWUNW (OGRE 1 Wins)

		§ Ordinance or Law Movement
			□ Extra cost or loss from enforcement of laws or ordinances
		§ Governmental Action
			□ Only coverage to prevent fire spread
                     - (ROT) Fungus, Wet Rot, Dry Rot and Bacteria
		§ Earth Movement
			□ EQ or Volcanic activity. 
                   - War and Military Action 
		§ Utility Services
		§ Nuclear Hazard
			□ Only cover for fire spread. 
			□ ENDORSEMENT - Radio active contamination
		§ Water
			□ No coverage for flood
40
Q

ENDORSEMENT - Ordinance or Law Coverage (A,B,C Coverage)

A

® Coverage A - Loss to Undamaged Portion of Building
® B: Demolition Cost Coverage
◊ Limit indicated on endt
® C: Increased Cost of Construction
◊ Repair or replace building to be compliant
◊ Intended for same occupancy
◊ Adds back pilings, pipes, drains, excavation and
foundation
Won’t add for more ordinance changes post loss

41
Q

Utility Services

A

□ No coverage away from premise unless results in CCOL
□ No coverage if source is away from premise
□ No power surge coverage
DD and TE losses

42
Q

• PARAGRAPH 2 - (13) Concurrent Causation Exclusions

A

OFFPERCSNADDS (im off perks and Adderall)
§ Eliminates coverage for only specific causes of loss
§ Exclusions
□ Open Peril Exclusions
§ Wear and tear
□ False Pretense
§ Someone borrowing property w/ permission doesn’t give it back
□ Freezing of plumbing
§ Insured need to attempt to maintain building heat or shut off water
□ Pollutants
§ Will cover resulting loss if covered peril
□ Explosion of steam
§ Boilers, pipes, engines, turbines
§ Doesn’t exclude fire from explosion
§ Doesn’t exclude explosion in flues
□ Rain snow sleet
§ Damage to property in open
□ Collapse
§ Will cover damage if collapse leads to CCOL
□ Smoke vapor or gas
□ Neglect to save or preserve property
□ Artificial Electrical
□ Delay, loss of use or loss of market
□ Dishonest or criminal Acts
§ Anyone during or after work hours even if collusion
□ Seepage or Leakage of Water
§ If more than 15 days and would’ve been discovered with maintenance
§ No coverage from moisture accumulation unless from fire

43
Q

Concurrent Causation

A

Eliminates coverage for only specific causes of loss

44
Q

(3) Conditional Exclusions

A

(AWF) court cases
- Acts or Decisions
○ Acts or decisions of any person group or gov body
- Weather
○ No coverage for weather conditions resulting in OGREWUNW
- Faulty inadequate or defective

45
Q

Special Form Limitations

A

(SUSS)

(5) Specific Property

Uncovered Specific Perils Unless Caused by specific cause of loss or building glass breakage

- Animals
     - Fragile Articles

• Special Limits
Applies to specific property for theft

• Specific Defects
- Won’t pay for appliances with water running through
Will pay for fire protective things to be repaired

46
Q

• Special Form Limitations - Specific Property (5)

A

Water, Water, Water, Watered Roof (vegetation), theft

(Steam, Water Heater, Natural Water to insides, Theft, Vegetated roof)

	○ Steam boilers, pipes, engines turbines unless explosion in flues
	○ Water heaters unless inside explosion
	○ Rain, snow sleet ice, sand dust damage inside of building unless roof and walls damaged by CCOL
	○ Theft or missing without evidence of it being taken
	○ Vegetated property
47
Q

(4) Special Form - Additional Coverages and Extensions

A
  • Collapse

Fungus (30 day, 15k, Tear, test, remediate)

Property in Transit

Glass
- Will pay for board up if delayed

48
Q

Collapse 3

A

○ Loss of use of building
○ No coverage for structural integrity
Covers personal property other than aesthetic damage

49
Q

Fungus

A

(30 day, 15k, Tear, test, remediate)

	○ Only for resulting from CCOL
	○ Tear out, remediation, testing
	○ 15k
               30 day max BI and or EE from fungus
50
Q

Water Damage Definition

A

Discharge or leakage of water or steam from cracking or breaking of appliance other than sump

51
Q

Sinkhole Definition

A

Collapse from erosion in limestone or dolomite underground

52
Q

• (4) Why not EE and BI Sold

A
  • Hard to get financials
    • Hard to understand / visualize
    • Not required by lenders
    • Costly
53
Q

Financial Elements of BI Loss

A

(GON) the money is GON!

- Gross Revenue
- Operating expenses
	○ Continued / discontinued
- Net Profit (or loss)
54
Q

Income Statement Basics

A
  • Gross profit
    ○ Gross Sales - Cost of goods
    • Net Profit (pre tax)
      ○ Gross profit - operating expenses
55
Q

• 4 ISO Time Element Forms -

A

BI & EE and Leaseholder interest Coverage form

- BI and EE
- BI W/out EE
	○ Only for businesses without extra expenses
- EE
	○ Biz that can't stop operations after loss
- Leasehold interest form
	○ Tenant who has attractive lease situation
	○ Lost financial interest in canceled lease term
56
Q

• 7 Other Methods of Providing BI

A 
(BBIMADEE) 
	- Builder Risk  provides time element
	- BOP
		○ No dollar limit
	- (Inland Marine) Contractors  (via endt
	- Auto (via endt)
	- DIC policies (sometimes)
	- Equip breakdown
	- EDP
57
Q

BI Coverage - NICE

A
  • NICE
    ○ Net Income (net profit or loss before income tax)
    ○ Continuing and normal operating costs
    - Expense
58
Q

• Manufacturers Risk Net Income

A
  • Doesn’t include finished goods

- Based on sales of products would’ve had ove r time

59
Q

• 3 Coverage BI Options

A
  • BI w/ Rental Value (and)
    ○ Loss of rent due to loss. Strip mall owner that rents out spaces but also operates in it
    • BI other than rental (without)
      ○ Someone that doesn’t lease to anyone
    • Rental value
      ○ For true LRO policies
60
Q

• Rental Value Definition

A
  • NI Rental income
    • Obligations by tenant contract like taxes, insurance, utilities assumed by landlord
    • Rental cost for NI if they’re occupying
61
Q

(3) BI Requirements

A

Your premise, 100 feet of premise, blocking access or service to premise

- Premise
- 100 feet of building w/ respects to PP in open or vehicle
- Area that services or gives access to your part of building (blocked entrance)
62
Q

(2) Suspension definition

A
  • Slowdown or ceased NI Biz operations

- Rental value: part or whole needs to be untenantable

63
Q

(4) Period of restoration

A

(72 / Now / Should be / no extra) 4 When’s

- 72 hours after time of loss (but can change)
- EE Begins immediately
- Ends when restoration SHOULD BE repaired or ops start at new premise
- Doesn't include extra time for ordinance or pollution
	○ Can add back
64
Q

(6) BI Trigger

A

(PPPDSC)

- Prove loss amount to BI
- Premise described
- Period of restoration loss occurs during
- Direct physical loss to property
- Suspension of operations Necsessary
- CCOL
65
Q

(4) Dependent Properties (CRML)

A 
- Contributing Location
		○ Provides goods and services for NI
	- Recipient Locations
		○ Buys all the NI's goods
	- Manufacturing Location
		○ Makes NI product and provides to customers
	- Lender Locations
		○ Attracts customers for business
66
Q

Extra Expense

A
  • Essential to avoid or minimize suspension of operations

- Can either be used to avoid suspension or business or reduce BI and EE loss

67
Q

BI and EE Covered Causes of Loss (1) and Special Exclusions (7)

A
  • OGREWUNW Exclusions apply and can be added back
    • (7) Special Exclusions - (Finished stock 2, Licenses 2, Strikers, TV antennaes, anything else)
      ○ Finished stock
      § Since finished, not part of operations. Only suspension of operations paid.
      § Added back with Manufacturers Selling price
      ○ Time to reproduce finished stock
      § Falls outside period of restoration (when operations resume)
      ○ Radio, TV Antennas, lead in wiring, masts or towers
      ○ Delay caused by strikers
      ○ Suspension of license, lease or contract unless caused by suspension of operations. Only for period of restoration
      ○ EE only for period of restoration
      ○ Consequential Loss - anything else
68
Q

BI and Computer Operations

A
  • Doesn’t cover corruption of computers

- Only applies to data that controls building (AC, security, lighting, heating)

69
Q

BI and EE Additional Coverages

A

(I ACE) I ACE THIS EXAM

  • Civil Authority
    ○ Government prohibiting access due to loss within 1 mile and CCOL
    • Alterations and New Buildings
      ○ At described premise, loss of income from when operations would have started (pays for delay)
    • Extended BI
      ○ Extends BI to when property repaired AND operations restored
      ○ Ends when insured COULD restore income level or 60 days after both property and operations restored
    • Interruption of Computer operations
      ○ $2,500
70
Q

Newly Acquired Locations- BI and EE Coverage Extension

A 
- Coinsurance 50% or more, can extend to
		○ Newly Acquired Locations
			§ $100k unless in decs
			§ Ends 30 days after construction or property acquired
			§ Reported Values
71
Q
  • Coverages that don’t increase BI and EE limit (3)
A

○ EE
○ Alterations and new buildings
○ Civil authority
- Extended BI

72
Q

Added amounts to BI and EE Limits(2)

A

○ Interruption of Computer Operations Additional Coverage

New Acquired Locations Extension

73
Q

(3) BI and EE Loss Conditions (LAD!)

A
  • Appraisal
    ○ Appraiser for each side and Ump (shared cost)
  • Duties in Event of Loss (PDNSPICS)
  • (4) Loss Determinations
74
Q

Loss Determination - BI Recovery (4)

A

§ Net income before loss and
§ Likely net income if no loss
§ Operating expenses, including payroll, necessary to resume operations with same quality
- Financial info that’s relevant

75
Q

Loss Determination - EE Recovery Basis (3)

A

§ Amounts that exceed normal operating expenses MINUS
§ Salvage value of property for temp use MINUS
EE paid by other insurnace

76
Q

Loss Determinations - Resumption of operations (3)

A

§ BI will be reduced to extent insured can resume operations
§ EE will be reduced to extent insured can return operations and discontinue EE
§ Operations not resumed
§ Insured not obligated to resume operations or expedite.
- Only pays for how fast they COULD anyways

77
Q

Loss Determination - BI and EE Loss conditions

A

BI Recovery, EE Recovery, Resumption of Operations, Loss Payment

78
Q

BI and EE Coinsurance Formula - Additional Condition

A

○ Net income + ALL Operation Expenses TIMES Coinsurance percentage
○ Every 12 months report
- Adjust values if business operations increase

79
Q

Expenses to deduct from operating expenses - BI and EE Coinsurance Condition

A 
○ Prepaid freight
		○ Returns and allowances
		○ Discounts
		○ Bad debts
		○ Raw stock and factory supplies consumed
		○ Merchandise sold
		○ Heat and power expenses discontinued
		○ Services from outsiders
		○ Payroll Expenses
                 - Special reductions for mining properties
80
Q

Determining Limit for BI and EE

A

(BI and EE Restore Income Minus Excl Expenses)

	○ BI Income loss during period of restoration
		§ Peak season
		§ Growth
             - EE expenses
	○ Expected period of restorations
	○ How long for income to go back to normal
	○ Excluded operating expenses
81
Q

Selecting Coinsurance Percentage

A
  • Consistent income
    ○ (Annual Net income + Annual Operating Expenses) * (Expected POR / 1 Year)
    • Inconsistent Income
      ○ (Annual Net Income + Operating Expenses) * (% of net income for highest amount during expected POR)
    • Round down
82
Q

Avoiding Coinsurance Penalties

A
  • (3) Optional Coverages
    ○ Maximum Period of Indemnity
    ○ Monthly limit of indemnity
    ○ Business Income Agreed Value
83
Q

(4) BI and EE Optional Coverages

A

Max, Monthly, Agreed, Extended

- Max Period of Indemnity
- Monthly Limit of indemnity
- Business Income Agreed Value
- Extended Period of Indemnity
84
Q
  • Max Period of Indemnity (3)
A

○ How long policy pays
○ Coinsurance gone
○ Max recovery lesser of limit or BI and EE during first 120 days

85
Q

Monthly Limit of indemnity

A

○ 30 day consecutive periods
○ Only for BI and not EE
○ Appears as fraction and can’t pay more than that each month
- Coinsurance gone

86
Q

Business Income Agreed Value (2)

A

○ BI Report Worksheet

○ Suspends coinsurnace for 12 months

87
Q

Extended Period of Indemnity (3)

A

○ Increases time period for Add Coverage - Extended BI will apply
○ Doesn’t increase limit
○ Doesn’t get rid of coinsurance

88
Q

BI Without EE (2)

A
  • Additional Coverages

- Expenses only paid for reducing BI

89
Q

EE with no BI

A
  • Same as BI and EE
    • Actual and necessary EE sustained
    • Pays during period of restoration
    • Limit on loss
      ○ Multiple %’s for how much EE for POR
      - Won’t let use whole limit for a 1 month POR
90
Q

Leasehold Interest Coverage Form - 4 Triggers and 4 Covered Leasehold Interests

A
  • 4 Triggers
    ○ Actual loss of covered leasehold interest
    ○ Cancellation of lease
    ○ Direct loss to premise
    ○ CCOL
    • 4 Covered Leasehold Interests
      ○ Tenant’s Lease Interest
      § Additional rent to get comparable premise
      ○ Bonus Payments
      § Unamortized value of any bonus payments to secure premises unrefundable
      ○ Improvements and Betterments
      § Unamortized portion of value of TIB that insured made at own expense
      ○ Prepaid rent
      § Unrefundable prepaid rent

CIC Property (2 decks)

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