In a Commercial General Liability Policy, the Occurrence Policy May

question 64

True/False

In a commercial general liability policy, the occurrence policy may lessen the insurer's uncertainty about likely future payments because the time lag between premium payments and loss payments generally is smaller with occurrence than with claims-made.

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Definitions:

Neglect

The act of not giving enough care or attention to someone or something.

Binocular Vision

The ability of both eyes to focus on an object simultaneously, allowing for depth perception and a wider field of view.

Walks Around Room

"Walks around room" refers to the action of moving on foot at a steady pace around a room, often used as a way to describe someone's physical activity in a contained space.

Holding Onto Objects

The act or behavior of physically grasping or retaining objects for a period of time, often for support, security, or comfort.