Question

Medical malpractice insurance that covers the insured only for any claims arising from an incident that occurred, or is alleged to have occurred, during the time the policy was in force, regardless of when the claim is made is called

A) prior acts coverage.
B) self-insured coverage.
C) claims-made coverage.
D) occurrence coverage.

Answer 1

Claims-made coverage is medical malpractice insurance that covers claims for incidents occurring during the policy period, regardless of when the claim is made.

Step-by-step explanation:

The type of medical malpractice insurance that covers the insured only for any claims arising from an incident that occurred, or is alleged to have occurred, during the time the policy was in force, regardless of when the claim is made, is called claims-made coverage. To reduce the risk of moral hazard, where insured entities may take on higher risks because they have coverage, insurance policies often include cost-sharing mechanisms like deductibles, copayments, and coinsurance.