ABC Company purchased an ISO Commercial General Liability Policy. The agent who sold ABC the coverage noted that the coverage trigger in this policy was different from the trigger in the previous policy
The new policy covers only those claims which are first reported during the policy period, provided the event occurred after a retroactive date. This type of policy is known as
A) extended reporting coverage.
B) claims-made coverage.
C) accident only coverage.
D) occurrence coverage.
Answer: B
You might also like to view...
Most organizations have replaced the general journal with a _______________________________
Fill in the blank(s) with correct word
According to the text, which 3 skill sets are needed on a founding team?
a. Sales & Marketing, R&D, Running a business or operation b. Sales & Marketing, Finance, Running a business or operation c. R&D, Running a business or operation, Finance d. R&D, Finance, Running a business or operation
Under modern antitrust law analysis, a company with a market share between 70 and 90 percent has a monopoly
a. True b. False Indicate whether the statement is true or false
Andy is interested in investing in the stock market, but having studied the Great Depression in school, she is afraid she could lose all of her money. She reads through the finance pages of the newspaper and sees that unemployment has dropped to the lowest level it has been in the past ten years, new businesses are opening, housing sales are up because interest rates are level, and the national debt is decreasing. If the economy is her only concern about buying stock, should she buy stock?
A. The level of unemployment, the rise in new business starts, the increase in housing sales, and the decrease in national debt indicate that the economy is growing so it would be a good time to buy stock. B. In spite of all of the positive indicators, it is never a good time to buy stock. C. The stock market works independent of unemployment, business starts, housing sales, and the level of the national debt so these things will not influence the rise or fall of the market. D. Andy should not base her decision to buy stock on the factors indicated, she should base it solely on the consumer price index.