Florida Insurance Licensing Practice Exam

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Under a CGL Occurrence liability form, which policy would cover an accident that occurred in 1998 and was discovered and reported in 2008?

  1. A policy dated 1/1/98 to 12/31/98

  2. A policy dated 1/1/99 to 12/31/99

  3. A policy dated 1/1/08 to 12/31/08

  4. No policy would cover a claim filed in 2000 for an accident in 1998

The correct answer is: A policy dated 1/1/98 to 12/31/98

An occurrence-based policy covers accidents that happen during the policy period, regardless of when the claim is filed. In this case, the accident occurred in 1998, but was not discovered and reported until 2008. Policy B, dated 1/1/99 to 12/31/99, would not cover this claim because the accident happened in 1998, before the policy period. Policy C, dated 1/1/08 to 12/31/08, would also not cover this claim as it was reported after the policy period ended. Option D, stating that no policy would cover a claim filed in 2000 for an accident in 1998, is incorrect because an occurrence-based policy provides coverage for accidents that happened during the policy period, regardless of when the claim is filed. Policy A, dated 1/1/98 to 12/31

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