Final answer:
Under a General Liability Policy, a person injured by a defective product would be paid when the injury occurred, not based on when the product was manufactured, sold, or when expenses were incurred.
Step-by-step explanation:
In cases where a person is injured by a defective product, a General Liability Policy of a company that was insuring a risk would typically pay out when the injury occurred. In the context of the provided scenario, a manufacturer produced a vehicle with a known defect in the brake system. When the defective product leads to brake failures, accidents, injuries, and deaths, the company is held liable. It's the timing of the injury that determines the insurance coverage responsibility, not the manufacturing or selling date nor when the expenses were incurred.
Therefore, the correct answer to the question, "A person injured by a defective product would be paid under a General Liability Policy of a company that was insuring a risk at the time, ...", is c. Injury occurred.