Which of the following is (are) covered under a claims-made policy?

I. Claims arising out of occurrences which take place during the policy period, regardless of when the claim is made
II. Claims first reported during the policy period, provided the event occurred after a retroactive date stated in the policy
A) I only
B) II only
C) both I and II
D) neither I nor II

Answer: B

Business

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a. A group of industry experts and experts of other industries b. A chief executive officer and a limited corporate staff, with functional line managers in dominant organizational areas c. A structure that has the owner as a manager who also handles all day-to-day activities d. An organizational structure that has proven to be successful and works correctly for all businesses

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Reciprocity is an industrial buying practice in which ______.

sellers make deliberate efforts to build relationships with their suppliers to encourage improvement in their products two organizations agree to purchase each other's products two or more parties participating in the buying decision process a buyer agrees to a larger order in exchange for a quantity discount

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