Which of the following conditions would not be found in Section IV of the CGL?

Section IV of the Commercial General Liability (CGL) insurance policy specifically addresses the conditions that apply to the coverage provided under the policy. One of the critical functions of this section is to outline the obligations and rights of both the insurer and the insured regarding claims handling and the conditions that must be met for the insurance coverage to be valid.

The condition regarding an insured's insolvency and how it relates to the insurer's obligations is not typically found in Section IV of the CGL. In fact, most insurance policies, including CGL, maintain that the insurer remains obligated to fulfill its contractual duties regardless of the financial status of the insured. This means that the insurer cannot simply avoid its responsibilities based on the insured's insolvency.

In contrast, the other options refer to conditions that are commonly addressed in Section IV. For instance, the requirement for the insurer to provide legal defense in the event of a covered claim is a standard practice, reflecting the insurer's responsibility to protect its insured. Additionally, the stipulation that failure to report a claim promptly may affect coverage aligns with the insurer's need to be notified in a timely manner to effectively manage risk. Finally, coverage for bodily injury and property damage is at the core of what the CGL policy is intended