In Which Situation Is an Occurrence-Based Policy Most Beneficial to the Nurse

question 8

Multiple Choice

In which situation is an occurrence-based policy most beneficial to the nurse?

• A) A nurse had insurance coverage during 20 years of practice, but is now retired and no longer has an active policy
• B) A nurse acquired insurance coverage after a patient unexpectedly died during the nurse's care.
• C) A nurse fears she will be named in a lawsuit even though she was only a witness to an occurrence.
• D) A nurse had an untoward evaluation at work and needs coverage in case she is terminated for unsatisfactory performance

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Definitions:

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, although the overall market capitalization remains unchanged.

Call Option

An economic agreement that grants the buyer the option to acquire an asset such as a stock, bond, commodity, or similar at an agreed-upon price before a certain deadline, without being compelled to do so.

Exercise Price

The price at which an option holder can buy or sell the underlying asset.

Money Spread

The difference between two prices or rates, often used to describe the gap between bid and ask prices in financial markets.