Occurrence policies cover all injuries that occurred during the policy period, regardless of when they were reported.

A cost center

a) is a responsibility center which generates profits and evaluates the investment cost of earning the profit. b) only incurs costs and does not directly generate revenues. c) incurs costs and generates revenues. d) is a responsibility center of a company which incurs losses.

Flood Hazard is considered frequent when it occurs.

a. Once every 50 years. b. Two times every 25 years. c. Two times in 10 years. d. Every 10 years.