Explain the need for a claims-made form. Explain how a liability insurance contract written on a claims-made form works
What will be an ideal response?
Claims-made insurance contracts are needed because some liability exposures manifest injury long after exposure occurs. For example, products liability or pollution injuries. Occurrence contracts pay if the injury occurred during the policy period which could be years after the exposure. A claims-made contract pays for claims made during the policy period but after the retroactive date, thus shortening the time between premium payment and the claim payment.
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Which of the following is a product adoption force affecting new product penetration?
A) felt need B) personal risk C) ease of use D) trialability E) observability
Which of the following is not a step in the balanced scorecard management process?
A. Adapt B. Invest C. Monitor D. Translate
To avoid injuries, it is recommended that analysts keep their elbows bent between 90 and 120 degrees when typing.
Answer the following statement true (T) or false (F)
In the MPR environment, a consumer with a passion for a brand, product or business can, as a result, become a(n)
A) active non-media connector. B) advertising representative. C) consumer activist. D) secret shopper. E) product research engineer.