Arkansas Insurance Adjuster Practice Exam

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On what basis is liability coverage provided in a BOP?

  1. Either an occurrence or claims-made basis, depending on the chosen form

  2. An occurrence basis, only

  3. A claims-made basis, only

  4. An occurrence basis for bodily injury and property damage, and on a claims-made basis for personal/advertising injury

The correct answer is: An occurrence basis for bodily injury and property damage, and on a claims-made basis for personal/advertising injury

A is incorrect because it excludes the claims-made basis for personal/advertising injury. B is incorrect because it does not include a claims-made basis for personal/advertising injury. C is incorrect because it excludes the occurrence basis for bodily injury and property damage. The correct answer is D because it includes both an occurrence basis for bodily injury and property damage, and a claims-made basis for personal/advertising injury. This provides coverage for both types of liability claims that may arise in a BOP.

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