Under traditional malpractice liability policies, coverage exists even if a claim is presented 20 years after the act giving rise to the claim, as long as the act was performed during the policy term.
Correct Answer:
Verified
Q1: Liability contracts will reimburse the insured for
Q3: Under the liability contract the insurer will
Q4: Defense payments are in excess of the
Q5: If a liability case is appealed and
Q6: It is generally not possible to insure
Q7: The aggregate limit of liability in a
Q8: The term "accident" is legally narrower in
Q9: Under products liability, if a customer is
Q10: Professional liability contracts do not contain a
Q11: Most liability insurance contracts have an insuring
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents