保险与留置权第 1524 / 1605 题
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
解析
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.
免费刷完整 1605 道题库 — 无需注册。
同考点相关题目
- 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: