When the Insured Becomes Aware That an Injury Has Occurred

question 9

Multiple Choice

When the insured becomes aware that an injury has occurred as a result of acts covered under the contract, ___________.

• A) the insured must notify the insurance company on a timely basis as to the covered incident occurrence and within the terms of the contract
• B) notice must not be provided to the carrier
• C) notice need not be oral or written, regardless of what is specified in the policy
• D) the policy holder at the time of the covered incident need not report the incident to the carrier until an agreement is reached as to any liability the policy holder may be liable for, until such time as the court determines the amount due from the policy holder

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Definitions:

Funeral Services

Professional services offered by funeral homes and directors that involve the preparation, management, and conduct of a funeral.

Complete Package

A product or deal that includes everything needed for a particular purpose or requirement, leaving nothing out.

Reasonable Basis

A standard which requires that claims, especially in law and finance, must have a foundation that is logically sound and justifiable.

Generalities

Statements or ideas that are broad and unspecific, lacking in detailed explanation or specificity.