What is the Definition of Occurrence Policy?
What is the Definition of Occurrence Policy?
Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later. (See Claims made policy)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
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What is the Definition of Occurrence Policy?
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A passenger safety system, such as an air-bag, that activates automatically in the event of an accident.
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Your auto insurance premium can be paid using one of our installment payment plans; you make several smaller payments but incur a service fee.
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