Question

In a Claims-Made Liability Policy, the named insured and the policy period are found:

a. In the declarations
b. In the insuring agreement
c. In the policy schedule
d. In the coverage part

Answer 1

The named insured and policy period in a Claims-Made Liability Policy are found in the declarations section, which contains key details and sets the terms of the policy coverage.

Step-by-step explanation:

In a Claims-Made Liability Policy, the named insured and the policy period are typically found in the declarations section of the policy.

This section provides the key details of the policy, such as the name of the insured person or organization, the effective dates of coverage, the limits of the policy, and other important information that defines the terms under which the policy operates.

By analyzing the parts of the policy document, one can make informed claims about the whole, understanding the coverage and obligations detailed within.