Insurer A began to provide crime insurance coverage for JKL Company three months ago.Insurer B provided coverage up until the time Insurer A's coverage became effective.Forty-five days after the effective date of Insurer A's coverage,a loss was discovered that occurred while Insurer B was providing coverage.The loss would have been covered under Insurer A's policy had it been in effect the previous period.Which policy provision in the current Insurer A policy would make Insurer A responsible for this loss?

Question

Quizplus · Accepted Answer

Provision A, "loss sustained during prior insurance not issued by us," would make Insurer A responsible for this loss because it covers losses that occurred prior to the effective date of their policy but were not covered by the previous insurer's policy. In this scenario, the loss occurred during Insurer B's coverage period but would have been covered under Insurer A's policy had it been in effect. Therefore, Insurer A would be responsible for the loss under this provision.

Insurer a Began to Provide Crime Insurance Coverage for JKL