Bảo hiểm & Quyền cầm giữCâu 1524 / 1605
A general liability policy written on a 'claims-made' basis (as opposed to 'occurrence') generally covers a claim only if:
a.The claim is both made and reported during the policy period (or extended reporting period)
b.The premium was paid in cash
c.The injury occurred during the policy period, regardless of when the claim is made
d.The claimant served a preliminary notice
Giải thích
A claims-made policy responds when the claim is made (and reported) during the policy period or any extended reporting period, regardless of when the underlying event occurred. An occurrence policy responds based on when the injury/damage happened, even if the claim is made years later.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which is the BEST description of the relationship between a payment bond and subcontractors' lien rights on a private project?
- The typical penal sum of a mechanics lien release bond required to clear a lien from title is:
- Under the mechanics lien law, a 'direct contractor' is best defined as a contractor who:
- An 'occurrence-based' CGL policy responds to a claim based on:
- On a private project financed by a construction lender, a subcontractor who fails to serve the preliminary notice on the LENDER primarily loses the ability to:
- 'Subrogation' in insurance refers to:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)