Question

What is occurrence insurance also known as?

O Trial coverage
O Self-insurance
O Claims-incurred insurance
O Claims-made insurance

Answer 1

Occurrence insurance is also known as claims-made insurance. It provides coverage for claims that arise from incidents that occur during the policy period, regardless of when the claim is reported.

Step-by-step explanation:

Occurrence insurance is also known as Claims-made insurance. It provides coverage for claims that arise from incidents that occur during the policy period, regardless of when the claim is reported. This type of insurance is commonly used in professional liability policies, such as medical malpractice insurance.

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