Claims-Made Insurance Policies
Table of Contents
|
The Legal Question |
3 |
|
Claims-Made Policies Defined |
3 |
|
Occurrence Policy Defined |
4 |
|
Liability Awareness |
4 |
|
Latent Injury Illustrated by Asbestosis Claims |
7 |
|
Chart Illustrating Differences in Policy Type |
8 |
|
Policy Triggers |
9 |
|
Exposure Coverage Trigger Theory |
10 |
|
Manifestation Coverage Trigger Theory |
10 |
|
Continuous Coverage Trigger Theory |
10 |
|
Injury-In-Fact Coverage Trigger Theory |
10 |
|
Insurance Agent’s E&O Claim Trigger |
11 |
|
Trigger Language |
11 |
|
“Potential” Claim Reporting |
12 |
|
Retroactive Dates |
14 |
|
Full Prior Acts |
14 |
|
Defining the Time of Loss |
15 |
|
Changing Retroactive Dates |
16 |
|
Extended Reporting Periods/Tail Insurance |
16 |
|
“Runoff Provision” |
18 |
|
Aggregate Defined |
19 |
|
Legal Defense Cost Provisions |
19 |
|
Duty to Defend Broader than Duty to Indemnify |
21 |
|
Defense Reimbursement |
22 |
United Insurance Educators, Inc.
PO Box 1030
Eatonville, WA 98328
(253) 846-1155