John Smith owns a bookstore that is covered under an unendor…

John Smith owns a bookstore that is covered under an unendorsed Commercial General Liability (CGL) Coverage Form. A customer falls in the store resulting in a covered lawsuit against Smith. Smith is asked to testify in court by the defense attorney; Smith incurs $500 in lost earnings for the one day trial. The supplementary payments section of Smith’s CGL policy will

While discussing a claim for an insured, a claim representat…

While discussing a claim for an insured, a claim representative and agent realize that there are inconsistencies between the information given to the agent when the insured applied for coverage and the information that the claim rep has discovered in her investigation. They suspect fraud, and need to determine how the conflicting information will impact coverage for the insured. Which one of the following statements is correct with respect to the Concealment, Misrepresentation, or Fraud condition in the Commercial Property Conditions Form?