Final answer:
The Workers' compensation policy does not have the $300,000 per occurrence payment obligation like the others listed. This policy covers employment-related injuries and illnesses, with varying coverage limits.
Step-by-step explanation:
The Association's obligation for the payments of claims is $300,000 per occurrence under a variety of insurance policies. However, one type of policy typically differs in terms of the obligations for claim payments. The types of policies that usually have this obligation include:
- Commercial general liability
- Commercial property
- Commercial auto
The exception to these policies is:
The question asks which policy does not have a $300,000 per occurrence payment obligation. The answer is Workers' compensation. This type of policy handles payments for injuries or illnesses that occur as a result of employment, and its coverage limits can differ significantly from those in general liability, property, or auto policies.