If the third-party contract’s terms effectively alter the terms of the insurance policy, doesn’t that make the third-party contract an endorsement? This is what the ISO IL 00 17 says:
Changes
This policy contains all the agreements between you and us concerning the insurance afforded…This policy’s terms can be amended or waived only by endorsement issued by us and made a part of this policy.
If comparable language is in the policy in question, or insurance laws or regulations for admitted carrier products govern in a similar way, is this enforceable?
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If the third-party contract’s terms effectively alter the terms of the insurance policy, doesn’t that make the third-party contract an endorsement? This is what the ISO IL 00 17 says:
Changes
This policy contains all the agreements between you and us concerning the insurance afforded…This policy’s terms can be amended or waived only by endorsement issued by us and made a part of this policy.
If comparable language is in the policy in question, or insurance laws or regulations for admitted carrier products govern in a similar way, is this enforceable?
P.S. Consider the “Issue: Policy terms and conditions subject to a third-party contract” discussion in this article:
“Be Careful What You Ask For…Some Disturbing Changes to ISO’s 2013 Additional Insured Endorsements”