Bảo hiểm & Quyền cầm giữCâu 1525 / 1605
An 'occurrence-based' CGL policy responds to a claim based on:
a.When the lawsuit is filed
b.When the contractor's license was issued
c.When the bodily injury or property damage took place, even if the claim is made after the policy expires
d.When the premium is paid
Giải thích
An occurrence policy covers injury or damage that happens during the policy period, even if the claim is asserted years later. This 'long tail' protection is valuable for construction defect exposure that surfaces after a project is complete.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- A general liability policy written on a 'claims-made' basis (as opposed to 'occurrence') generally covers a claim only if:
- 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:
- A 'waiver of subrogation' clause between an owner and contractor generally means:
Cập nhật gần nhất: · quy trình kiểm tra
Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)