Question

You purchased an occurrence basis liability policy on June 1, 2018, and let it expire on May 31, 2020, when you took a d...

You purchased an occurrence basis liability policy on June 1, 2018, and let it expire on May 31, 2020, when you took a different job. On August 18, 2020, a patient brings a legal action against you for an incident that occurred on September 14, 2018. Will the insurer provide coverage for this claim?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

As per the definition of occurrence basis liability policy it covers the claims that occur in the policy period, even if it turn in after the expiry date of the policy. Therefore, as per the given scenario the insurer will provide coverage for this claim as the incident occurred on september 14, 2018 which falls under policy period.

Add a comment
Know the answer?
Add Answer to:
You purchased an occurrence basis liability policy on June 1, 2018, and let it expire on May 31, 2020, when you took a d...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • and a liability claim was filed on June 23, 2 e be claim, the A policy...

    and a liability claim was filed on June 23, 2 e be claim, the A policy was in effect from the time and liability cam related to an incident that ident that happened in 2025. What type of coverage com purchased? & Claims-made policy b. Occurrence policy c. Umbrella coverage policy d. No coverage at all 77. The per the performance of an act that is wholly wrongful and unlawful a. malfeasance. b. misfeasance. c.nonfeasance. d. feasance. 18. The improper...

  • Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as...

    Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...

  • A. Issues [1] In addition to damages for one year's notice period, can a trial judge...

    A. Issues [1] In addition to damages for one year's notice period, can a trial judge award significant damages for the mere fact of an employee's dismissal, or for the stigma that that dismissal brings? Or for the employer thereafter competing with the ex-employee for the clients, before the ex-employee has got a new job? B. Basic Facts [2] This is an appeal from 2009 ABQB 591 (CanLII), 473 A.R. 254. [3] Usually a judgment recites facts before law. But...

  • CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...

    CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT