There are five (5) different limits under the commercial form.

• A. Several different limits apply in the homeowner's form.
• B. Both policies are the same.
• C. There are five (5) different limits under the commercial form.
• D. There is no clear distinction between the two (2) forms.

Answer: (C)

In the commercial liability form, the policy uses separate limits for different kinds of exposure rather than a single blanket limit. This means there are five distinct caps that apply to different parts of the coverage. The per-occurrence limit sets the maximum the policy will pay for a single incident of bodily injury or property damage. The general aggregate limit is the total the policy will pay for all covered losses during the policy period. The products and completed operations aggregate limit covers claims arising from products or work after it has been completed. The medical expenses limit provides a separate cap for medical costs incurred without regard to fault. The personal and advertising injury limit applies to harms like libel, slander, or advertising-related claims.

Understanding this structure helps explain why the statement about there being five different limits under the commercial form is correct. The homeowners form is organized differently, with its own set of coverages and limits, so the idea that both forms are the same or that there’s no clear distinction isn’t accurate.