Learning Objectives
- Define the term “coverage trigger” and distinguish between the two types of coverage triggers
- Explain the key terms associated with claims-made coverage triggers
- Show how claims-made coverage triggers apply in actual claim situations
- Explain how extended reporting periods and arranging coverage on a prior acts basis can be used to close potential gaps
- Analyze the major advantages and disadvantages of claims-made coverage triggers from the perspective of both the insurer and the insured
Designed For:
Property and casualty insurance professionals in all stages of their career
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