What it does

CM 45 01 modifies the Film Coverage Form (CM 00 45). The form's Reports And Premium condition (production-by-production cost reports and adjusted premium) is deleted and replaced with a coinsurance condition: if the value of covered property at the time of loss times the coinsurance percentage exceeds the limit, the loss is paid proportionally.

Who needs it

Producers with steady, predictable production values who would rather buy a fixed limit than file reports for each production.

Quoting and selling notes

Set the limit at the full production cost exposure to avoid a coinsurance penalty. Producers with varying budgets are usually better served by the reporting basis of the base form.

Related forms

CM 00 45, which also lists a film declarations form (CM DS 07) in the ISO index.