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.

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Definitions:

Adhocracy

An organizational model characterized by flexibility, employee empowerment, and an emphasis on innovation, often in contrast to bureaucratic structures.

Efficient

Characterizes a process or system that achieves its goals with minimal waste of time, resources, or effort.

Subordinate Defensiveness

A defensive reaction from employees towards criticism or perceived threats from supervisors, often hindering feedback and growth.

Passive Behavior

A non-assertive communication style wherein individuals avoid expressing their opinions or needs, often leading to internalized frustration.