1. Forms
  2. IL
  3. IL-00-17

What it does

IL 00 17 contains the conditions shared by all coverage parts in a policy built from ISO forms. Each coverage part has its own conditions as well, such as CP 00 90 for property and Section IV of the CGL form. The 11 98 edition is still the current multistate edition.

Key provisions

  • Cancellation: the first Named Insured may cancel by advance written notice. The insurer may cancel with written notice at least 10 days before the effective date for nonpayment of premium, or 30 days for any other reason, mailed or delivered to the first Named Insured's last known address. Proof of mailing is sufficient proof of notice. Insurer cancellations are refunded pro rata. Insured cancellations may be refunded at less than pro rata.
  • Changes: the policy is the entire agreement. The first Named Insured may make changes with the insurer's consent, and terms change only by endorsement.
  • Examination of Books and Records: the insurer may audit during the policy period and for up to three years afterward.
  • Inspections and Surveys: the insurer may inspect and recommend, but does not make safety inspections or warrant that conditions are safe or compliant. Boiler, pressure vessel and elevator certification inspections are an exception.
  • Premiums: the first Named Insured pays all premiums and receives return premiums.
  • Transfer of Rights and Duties: rights and duties cannot be transferred without written consent, except to a legal representative on the death of an individual named insured.

Quoting and selling notes

  • Nearly every state changes the cancellation and nonrenewal terms by amendatory endorsement. Texas uses IL 02 75, Illinois IL 02 84 and Michigan IL 02 86, and other states have their own. Read the state form, not just IL 00 17, before advising on cancellation rights.
  • The first Named Insured has special authority: it alone receives notices, pays premium and requests changes. Put the right entity first on multi-entity accounts.
  • Certificate holders and additional insureds have no cancellation-notice rights under IL 00 17. Those require a separate endorsement or the carrier's own form.