Question 1

The declarations page of a policy would not include which of the following items?

Accepted Answer

A)   Details of coverage
B)   Names of the persons or institutions covered
C)   Period of time for which the policy is in effect
D)   Amount of aggregate coverageE) A) and B)
F) B) and D)

Question 2

A policy was in effect from July 1, 1979, through August 31, 1995. A claim was made on the policy on October 24, 1998, related to an incident that happened while coverage was in force. Which type of policy is most likely to cover the claim?

Accepted Answer

A)   Tail coverage
B)   Claims made
C)   Occurrence
D)   Umbrella coverageE) All of the above
F) A) and D)

Question 3

Which statement regarding individual liability insurance policies is correct?

Accepted Answer

A)   A personal liability policy is not necessary if the healthcare professional is employed in any capacity at a healthcare facility, because the facility's policy will cover his or her actions.
B)   A person who does not own any property does not have anything to protect and therefore does not need a liability policy.
C)   Independent contractors may require individual liability coverage even though he or she may be covered under a healthcare facility's policy.
D)   An independent contractor would not be sued and therefore does not need liability coverage.E) B) and C)
F) B) and D)

Question 4

Several people sue a physician for medical professional liability over the course of 1 year, such that the limits of the policy are exceeded. What type of coverage may cover amounts over the limit of the regular policy?

Accepted Answer

A)   Tail coverage
B)   Occurrence
C)   Claims made
D)   UmbrellaE) None of the above
F) A) and B)

Question 5

If a policy was in effect from January 1, 1995, through December 31, 2000, and a liability claim was filed on June 23, 2002, what type of coverage could cover the claim, if purchased?

Accepted Answer

A)   Claims made
B)   Tail coverage
C)   Umbrella coverage
D)   No coverage at allE) B) and D)
F) A) and B)

Exam 9: Professional Liability Insurance

If a policy was in effect from January 1, 1995, through December 31, 2000, and a liability claim was filed on June 23, 2002, what type of coverage could cover the claim, if purchased?

Correct Answer
verified

Which statement regarding individual liability insurance policies is correct?

Correct Answer
verified

A policy was in effect from July 1, 1979, through August 31, 1995. A claim was made on the policy on October 24, 1998, related to an incident that happened while coverage was in force. Which type of policy is most likely to cover the claim?

Correct Answer
verified

Several people sue a physician for medical professional liability over the course of 1 year, such that the limits of the policy are exceeded. What type of coverage may cover amounts over the limit of the regular policy?

Correct Answer
verified

The declarations page of a policy would not include which of the following items?

Correct Answer
verified

Exam 9: Professional Liability Insurance

If a policy was in effect from January 1, 1995, through December 31, 2000, and a liability claim was filed on June 23, 2002, what type of coverage could cover the claim, if purchased?

Correct AnswerverifiedShow Answer

Which statement regarding individual liability insurance policies is correct?

Correct AnswerverifiedShow Answer

A policy was in effect from July 1, 1979, through August 31, 1995. A claim was made on the policy on October 24, 1998, related to an incident that happened while coverage was in force. Which type of policy is most likely to cover the claim?

Correct AnswerverifiedShow Answer

Several people sue a physician for medical professional liability over the course of 1 year, such that the limits of the policy are exceeded. What type of coverage may cover amounts over the limit of the regular policy?

Correct AnswerverifiedShow Answer

The declarations page of a policy would not include which of the following items?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified