Which of the Following Is (Are)covered Under a Claims-Made Policy

question 29

Multiple Choice

Which of the following is (are) covered under a claims-made policy?
I.Claims arising out of occurrences which take place during the policy period,regardless of when the claim is made
II.Claims first reported during the policy period,provided the event occurred after a retroactive date stated in the policy

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Success Secrets

Strategies or insights considered instrumental in achieving personal or professional success.

Incentives

Have two pieces: a performance evaluation metric, like sales, profit, or investment return, and a reward scheme that rewards better performance, like a bonus, the promise of a promotion, or a commission. Performance evaluation metrics can be objective or subjective.

Supplier Power

The influence suppliers have over the market or customer base, often due to lack of competition, affecting prices, quality, and availability.

Sourcing Inputs

Involves the process of finding and obtaining the necessary resources, materials, or components required to manufacture a product or provide a service.