ABC Company purchased an ISO Commercial General Liability Policy. The

ABC Company purchased an ISO Commercial General Liability Policy. The agent who sold ABC the coverage noted that the coverage trigger in this policy was different from the trigger in the previous policy.

The new policy covers only those claims which are first reported during the policy period, provided the event occurred after a retroactive date. This type of policy is known as
A) extended reporting coverage.
B) claims-made coverage.
C) accident only coverage.
D) occurrence coverage.

ANSWER

Answer: B