If You Choose Not to Renew a Policy as of June

question 1

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 covered. This is what type of policy?

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

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Definitions:

Function Block

A collection of code within a software program that is designed to perform a specific function when executed.

Wires And Pins

The physical components used in electrical and electronic connections, where wires conduct electricity and pins serve as connectors.

FBD

FBD stands for Function Block Diagram, a graphical representation used in programmable logic controllers (PLCs) and various programming environments to illustrate the interconnection and function of control blocks.

Sheet

A broad, flat piece of material such as metal, paper, or plastic, typically rectangular.