If a Policy Is Written on a Claims-Made Basis, the Insurer

question 2

Multiple Choice

If a policy is written on a claims-made basis, the insurer is liable only if the:

• A) loss occurred before the policy period
• B) claim is made after the policy period
• C) insured notifies the insurer of an occurrence before the policy period expires
• D) claim occurs during the policy period and arises from an occurrence after the retroactive date

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Definitions:

Managing Conflict

The process of identifying and addressing differences that could lead to negative outcomes in a constructive and positive manner.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Technical Skills

Skills that are specific to a particular job or industry, typically involving methods or processes.

Management Position

A role within an organization that involves overseeing and coordinating the work of others, and typically includes responsibilities such as planning, decision-making, and leadership.