In a commercial general liability policy, claims for injuries that occurred thirty years ago can be covered if coverage is available on a(n):
A)occurrence basis.
B)claims-made basis.
C)replacement basis.
D)actual cash basis.
E)extended replacement basis.

Question

Quizplus · Accepted Answer

Coverage on an occurrence basis means that any incident occurring during the period of insurance is covered, regardless of when the claim is made. This is why injuries from thirty years ago can still be covered if the policy was in effect at that time.

In a Commercial General Liability Policy, Claims for Injuries That