Which of the Following Insurance Policies Covers Incidents That Occurred

question 38

Multiple Choice

Which of the following insurance policies covers incidents that occurred before the beginning of the new insurance relationship but that have not yet been brought to the insured's attention as a claim?

• A) prior acts coverage
• B) self-insured coverage
• C) claims-made coverage
• D) occurrence coverage
• E) liability coverage

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Definitions:

Profit Centers

Divisions or branches of a business that are directly responsible for generating its income and are evaluated based on their profitability.

Sales

The transaction where a product is swapped for financial compensation; engaging in the act of selling an item.

Costs

Costs related to producing goods or services, comprising materials, labor, and overhead costs.

Profit Centers

Divisions or segments of a business that directly contribute to its profits through their activities and performance.