What it does
CR DS 02 is the ISO declarations page used with the commercial crime policies CR 00 22 and CR 00 23. It shows the named insured and any joint insureds, the policy period, and a limit and deductible for each insuring agreement; an agreement with no limit shown, or "Not Covered", is not part of the policy. It also lists endorsements and the cancellation of prior insurance. A recent issued policy shows the 06 22 layout, listing Employee Theft, ERISA Plan Official Dishonesty and Employee Theft Of Clients' Property as separate lines under Fidelity, plus a separate line for Fraudulent Impersonation.
Who needs it
Every policy written on the forms listed above needs the matching declarations.
Quoting and selling notes
- Check that each insuring agreement the client wants (for example fraudulent impersonation, ERISA plan official dishonesty or clients' property) actually shows a limit.
- Deductibles are per occurrence; the ERISA plan agreement must carry no deductible.
- List all joint insureds and benefit plans by name.
