What it does
The standard symbols (1-9 and 19 on the business auto form, 21-31 on the auto dealers form, 61-71 and 79 on the motor carrier form) cover most situations. CA 99 54 adds a manuscript symbol: Section I – Covered Autos is amended so that an additional numerical symbol, with a description written into the endorsement's schedule, may be entered next to a coverage on the declarations to designate the only autos covered for that coverage. The 10 13 schedule provides symbol 10 for the business auto form and symbol 32 for the auto dealers form (symbol 51 for the former truckers form was struck).
Who needs it
Accounts needing a tailored definition of covered autos. The Massachusetts residual market manual, for example, uses CA 99 54 to cover autos while used with a dealer or repair plate issued by the state.
Key points
- The description in the schedule controls coverage; vague wording creates disputes.
- The custom symbol only applies to coverages where it is entered on the declarations.
Quoting notes
Draft the symbol description with the underwriter, test it against the client's vehicle list, and check that the declarations show the custom symbol next to the intended coverages.
