If You Choose Not to Renew a Policy as of June

question 8

Multiple Choice

If you choose not to renew a policy as of June 30th, and a claim is made against you on July 30th for an incident that occurred on June 30th. According to your policy, you are not covered. This is what type of policy?

• A) Tail coverage
• B) Occurrence-basis
• C) Claims-made
• D) Prior acts

---

Definitions:

Collision Detection

A method used in networking to identify when two devices attempt to send information over the network channel at the same time, causing a collision.

Access Control Scheme

A method or protocol that determines how to grant or restrict access to resources or environments based on identity or credentials.

ControlNet

An open, high-speed, deterministic network that transfers on the same network time-critical I/O updates, controller-to-controller interlocking data, and non-time-critical data such as data monitoring and program uploads and downloads.

High Speed

Refers to operations or processes that occur at a fast rate, typically within systems or machines that require rapid response times.