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
A. prior acts coverage
Prior acts coverage, also known as "nose" coverage, covers incidents that occurred prior to the beginning of the new insurance relationship but that have not yet been brought to the insured's attention as a claim. Occurrence insurance covers the insured for any claims arising from an incident that occurred or is alleged to have occurred while the policy is in force, regardless of when the claim is made. Claims-made insurance?covers the insured only for those claims made (not for any injury occurring) while the policy is in force. Liability coverage is a general term regarding coverage for negligence. Self-insurance is when a provider uses a trust fund for coverage.
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