What it does
CM 59 90 is the proposal (application) the jeweler signs when applying for the Jewelers Block Coverage Form. The base form states that the signed proposal is attached to and made part of the coverage form, so its answers carry the weight of policy terms. A separate New York proposal (CM 59 91) is listed in the ISO index for New York risks.
Who needs it
Every applicant for ISO jewelers block coverage.
Key content
A separate proposal is completed for each location and signed in duplicate, and incomplete proposals cannot be quoted. It collects the firm and premises details, other locations in the jewelry trade under the same ownership, share of non-retail sales, staffing during business hours and at opening and closing, three years of premium and loss experience, and sections on property values, travel and messenger exposure, shipments, and the safes, vaults and alarm protection at each location.
Quoting and selling notes
Complete it with the owner and inspect security details on site; inaccurate answers can void coverage under the concealment and misrepresentation condition of CM 00 01 and can suspend coverage under the protective safeguards condition. Update the carrier when alarm service, safes or premises change.
