Types of Liability Limits Roles

What are the two types of limits of liability mentioned in the document?

• Per Claim and Total

• Per Occurrence and Aggregate

• Annual and Lifetime

• Individual and Group

Which of the following are forms of liability insurance mentioned in the material?

• Occurrence and Claims Made

• Accidents and Injuries

• Property Damage and Personal Injury

• Legal Liability and Professional Indemnity

Under an Occurrence Form policy, when is a malpractice incident covered if it occurs?

• Only if the claim is reported within the policy period

• Only if the claim is reported after the policy period

• Regardless of when the claim is reported, as long as the incident occurs during the policy period

• Only if the incident and the claim both occur outside the policy period

What is the reason the claim in Claim Example 2 was not covered?

• The incident was not severe enough.

• The claim was reported before the incident occurred.

• The claim was reported after the policy expired.

• The policy did not cover the type of incident reported.

When did the incident reported in Claim Example 2 occur?

• 1/1/20

• 6/3/21

• 8/28/20

• 1/1/21

What was the policy period for the claim in Claim Example 2?

• 1/1/20 to 1/1/21

• 1/1/19 to 1/1/20

• 8/28/20 to 8/28/21

• 6/3/20 to 6/3/21

What is the policy period for the claim example shown in the image?

• 1/1/20 to 1/1/21

• 8/28/20 to 6/3/21

• 2/1/21 to 6/3/21

• 1/1/19 to 1/1/20

On what date was the incident reported according to the claim example?

• 2/1/21

• 6/3/21

• 8/28/20

• 1/1/21

Why was the claim covered in the example provided?

• The incident was reported outside the policy period.

• The "Tail" was not purchased.

• The incident occurred during the policy period and was reported within the allowed time.

• The insured had unlimited time to report the incident since it occurred during the policy period.

What is the premium cost for a full-time, self-employed CRNA in Florida with Medical Protective Insurance Company after 5 years, based on the claims-made form with limits of $250,000/$750,000?

• $4,890

• $4,645

• $3,912

• $2,689