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Property Bldg. Laws Safeguards General Liability Emp, Benefit Liab. Employer Liability Aircraft Products Liab. Sexual Harassment Dir. & Officers Liab. Professional Liability Elect. Data Proc. Cov. Kidnap or Ransom
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[I008]
Liability policies that are written on a claims-made basis are not considered to be mature until they have been in effect for five uninterrupted years as claims-made. Prior to that, claims are considered not to be fully developed. The premiums for these policies are given a credit that decreases yearly until it disappears after five years.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100