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      Question

      Insurance that pays claims arising out of incidents that

      occur during the policy term, even if they are filed many years later is known as?
      A Nursing Home Insurance Correct Answer Incorrect Answer
      B Kidnap/Ransom Insurance Correct Answer Incorrect Answer
      C Inland Marine Insurance Correct Answer Incorrect Answer
      D Occurrence Policy Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      An Occurrence policy protects you from any covered incident that “occurs” during the policy period, regardless of when a claim is filed. An occurrence policy will respond to claims that come in – even after the policy has been canceled – so long as the incident occurred during the period in which coverage was in force.

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