IFoA SP8 Practice Questions - IFoA SP8 General Insurance Pricing Specialist Principles Exam

Under a claims-made (rather than losses-occurring) liability policy, a claim is covered if:

The insured event occurred during the policy period regardless of when reported The claim is settled within the policy period The policy was in force when the loss was first estimated by actuaries The claim is reported to the insurer during the policy period

Correct Answer:

The claim is reported to the insurer during the policy period

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