Type of policy which will cover the named insured for bodily injury or property damage to others which occurs during the policy period, regardless of when the claim is actually reported as long as the policy was in force at the time of the bodily injury or property damage.
An insurance policy covering losses occurring during the policy period, without regard to when the claim is reported to the insurer.
liability insurance policy that covers claims arising out of occurrences that take place during the policy period, regardless of when the claim is filed.
A clause in liability insurance policies under which covered acts must satisfy certain conditions; the results must be accidental and unintended, but the occurrence itself can be a deliberate act of an insured.
The traditional occurrence liability insurance method provides coverage for losses from liability-imposing causes which occurred during the policy period, regardless of when the claim is asserted. Once the policy period is over in a claims made form, the approximate extent of the underwriter's liability is known. With the traditional occurrence liability coverage method, the underwriter may not discover the extent of liability for years to come from losses claimed to have occurred within the policy period.
A policy providing liability coverage for incidents occurring during the policy period, regardless of when the claim is filed.
Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later. (See Claims-made policy )