According to common policy conditions for a commercial package policy, what happens to policy rights and duties if the insured dies?

In the context of a commercial package policy, if the insured dies, the policy rights and duties automatically transfer to a legal representative. This means that the person responsible for managing the deceased's estate assumes the rights and responsibilities under the insurance contract. This transfer ensures continuity and allows for claims to be made or managed even after the original insured individual has passed away, preventing immediate disruption of coverage or the policy's termination.

The insurance policy is designed to provide protection for the insured even in events of significant life changes, such as death. A legal representative can include an executor or administrator appointed for the estate, ensuring that the obligations are honored and any claims can still be processed efficiently. This mechanism serves to protect both the insurer by retaining their rights to enforce the policy and the insured's beneficiaries by allowing them to maintain coverage.