In addition to covering an insured’s liability due to bodily injury or property damage, the insurer promises to defend against suits claiming such injuries. The insurer’s obligation to defend against liability ends when: Question 29 options:
In addition to covering an insured’s liability due to bodily injury
or property damage, the insurer promises to defend against suits claiming such injuries. The insurer’s obligation to defend against liability ends when:
Question 29 options:
the time lag between premium payments and loss payments is smaller
it has paid out its limits for any of the coverages in settlements or judgments
a number of exclusions are intended to standardize the risk and/or to limit duplicate coverage
the claims are filed after the extended reporting period
the claims are filed after the retroactive date
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