What it does
CR 02 49 modifies the ISO crime and fidelity coverage forms and policies for policies written in California. State amendatory endorsements replace or add provisions such as cancellation and nonrenewal, legal action against the insurer, concealment or fraud, valuation and arbitration, as required by state law. ISO's forms index lists the current edition for California.
Who needs it
Every crime or fidelity policy written on ISO forms for an insured in California.
How it fits the policy
This endorsement changes the base crime or fidelity form it is attached to and is listed with the other endorsements on the declarations. Schedules in the endorsement (names, positions, amounts or dates) control how it applies, so confirm the schedule is complete before binding. ISO's forms index lists the current edition for 1 jurisdictions, so confirm it is approved in the insured's state.
Quoting and selling notes
- Carriers attach the state endorsement automatically; check that it appears on the forms schedule.
- Read it when a claim or cancellation question arises in California; it overrides the base form.
