Under most professional indemnity insurance policies,which of the following must be true in order for a claim to be covered?
A) A policyholder must be insured at the time the claim arose or at the time the claim is filed.
B) A policyholder must be insured at the time the claim arose,but does not need to be insured at the time the claim is filed.
C) A policyholder must be insured at the time the claim is filed,but does not need to be insured at the time the claim arose.
D) A policyholder need only show evidence of current payment of policy premiums.
E) A policyholder must be insured at the time the claim arose and at the time the claim is filed.
Correct Answer:
Verified
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