In a Commercial General Liability Policy, Claims for Injuries That

Multiple Choice

In a commercial general liability policy, claims for injuries that occurred thirty years ago cannot be covered if coverage is available on this basis.The claim needs to be filed during the coverage period for injuries that occur during the same period or the designated retroactive time.This limitation is the result of insurers having to pay for asbestos injuries that occurred years before knowledge of the exposure outcome was discovered.Identify this program in a commercial general liability policy.

A) Actual cash value basis
B) Claims-made basis
C) Extended replacement cost basis
D) Occurrence basis
E) Replacement cost new basis