Explain the Need for a Claims-Made Form

question 40

Essay

Explain the need for a claims-made form. Explain how a liability insurance contract written on a claims-made form works.

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Definitions:

Appraisal

The evaluation of the significance of an event or situation for an individual's well-being, which plays a role in determining the emotional response.

Intrinsic Motivation

Motivation driven by an interest or enjoyment in the task itself, rather than relying on external pressures or rewards.

External Rewards

Benefits provided by an external source, often used as motivation in behavior reinforcement, that are not inherently related to the activity being performed.

Innate Patterns

Refers to behaviors or actions that are genetically hardwired and manifest without the need for learning or experience.