What the form is
The form HP TC 01 01 15, titled "Schedule Of Policy Attachments and Forms," is an administrative document primarily used within commercial property insurance policies. Its main function is to provide a comprehensive list of all individual forms, endorsements, declarations pages, and other attachments that together make up the complete insurance contract. It essentially acts as a master list or table of contents for the policy, ensuring all parties are aware of the documents that form the agreement.
Classes of business it applies to
This form is utilized in Commercial Property insurance. The provided examples show its use for policies issued to:
- Governmental entities, such as the "State Of West Virginia".
- Municipalities, for instance, through the "Colorado Intergovernmental Risk Sharing Agency".
While these examples point to public entity risks, it is likely used by the specific insurer (Hallmark Specialty Insurance Company in the examples ) for other types of commercial property accounts they underwrite.
Special considerations
It's important to recognize that HP TC 01 01 15 appears to be a carrier-specific form (used by Hallmark Specialty Insurance Company in the examples ) rather than a standardized industry form (like those from ISO or AAIS). The "HP" prefix likely denotes the insurer. The primary benefit of this form is to ensure transparency and completeness in policy documentation. Both the insurer and the insured can use this schedule to verify that all agreed-upon terms, conditions, coverages, and exclusions, as detailed in various attachments, are included in the final policy packet. When reviewing a policy, this schedule should be checked to confirm no documents are missing.
Key information for agents and underwriters
For Agents: This form is a useful tool for assembling the complete policy for delivery to the insured. It helps verify that all required and elected forms and endorsements are included, ensuring the client receives accurate and complete contractual information. It can also aid in explaining the structure of the policy to the client.
For Underwriters: The "Schedule Of Policy Attachments and Forms" serves as an organizational and quality control tool. It helps ensure that the policy is constructed correctly, reflecting all underwriting decisions, and includes all state-specific or risk-specific endorsements. While this form itself doesn't directly influence pricing or risk assessment, it confirms that the forms which do dictate coverage terms, limits, and ultimately the premium, are properly documented and made part of the contract. It contributes to a clear audit trail of the policy's composition.