Florida Insurance Licensing Practice Exam

Under CGL, when must the occurrence of bodily injury or property damage occur to be covered?

1. During the policy period with claim reported within the policy period

2. Before the policy period with claim reported anytime

3. During the policy period with no limit on time for reporting the claim

4. Anytime as long as the claim is reported within 60 days after policy expiration

The correct answer is: During the policy period with no limit on time for reporting the claim

Under CGL, the occurrence of bodily injury or property damage must occur during the policy period for coverage to apply. Option A is incorrect because the claim must also be reported within the policy period, which would not provide sufficient time for a claim to be reported and processed. Option B is incorrect because the occurrence must happen during the policy period in order for coverage to apply, even if the claim can be reported anytime. Option D is incorrect because the claim still must occur during the policy period for coverage to apply, and there is a time limit of 60 days for reporting the claim after the policy expiration. This means that the bodily injury or property damage must still occur within the policy period, even if the claim is reported after the policy has expired. Therefore, option C is the correct answer as it allows for the occurrence to happen during the policy period with no limit on time for reporting the claim.