SOFA-CFE · Question #66
The trigger is the assertion of a claim rather than the occurrence of the injury.
The correct answer is A. true. A is correct because this statement accurately describes a claims-made policy in insurance. Under this coverage form, what activates (triggers) the policy is the moment the claimant formally asserts a claim against the insured - regardless of when the underlying injury or…
Question
The trigger is the assertion of a claim rather than the occurrence of the injury.
Options
- Atrue
- BFalse
How the community answered
(14 responses)- A79% (11)
- B21% (3)
Explanation
A is correct because this statement accurately describes a claims-made policy in insurance. Under this coverage form, what activates (triggers) the policy is the moment the claimant formally asserts a claim against the insured - regardless of when the underlying injury or damage actually took place.
Option B is wrong because it would imply the trigger is the occurrence of the injury, which instead describes an occurrence-based policy - a fundamentally different coverage structure.
Memory tip: Think of it this way - in claims-made coverage, the clock starts ticking when someone points a finger, not when the harm happened. "Claim = trigger" is the core rule.
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