The Common Policy Conditions are the house rules for every coverage part in the package. Six are on the exam: cancellation, changes, examination of your books and records, inspections and surveys, premiums, and transfer of your rights and duties.

Cancellation in the base ISO form, before any state amendatory endorsement: - The first named insured may cancel by written notice to the insurer. - The insurer must give written notice of at least 10 days for nonpayment of premium and 30 days for any other reason. In California these base rules are changed by the California amendatory endorsement and the Insurance Code (see the California pages in this chapter).

Changes: the policy is the entire agreement between the parties. The first named insured may request changes, but only with the insurer's consent, and the terms change only by an endorsement the insurer issues and makes part of the policy. A letter from the insured or a phone promise from a producer does not amend the policy.