District Of Columbia Insurance Producer License Exam

The 'per occurrence' limit in a CGL policy is best described as:

The total limit available for all claims during the entire policy period The maximum the insurer will pay for any single occurrence regardless of the number of claimants The maximum amount paid per individual injured person The maximum amount paid per covered business location

Correct Answer:

The maximum the insurer will pay for any single occurrence regardless of the number of claimants

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