Examlex

Solved

An "Occurrence" Based Policy Is Also Known as a "Claims

question 51

True/False

An "occurrence" based policy is also known as a "claims made" policy in professional liability insurance.


Definitions:

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.

Mental Defect

An outdated and offensive term that was previously used to describe a range of intellectual disabilities or cognitive impairments.

American Law Institute (ALI)

An independent organization in the United States that produces scholarly work to clarify, modernize, and otherwise improve the law.

Related Questions