What Does Claims-Occurrence Basis Mean?

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What does Claims-Occurrence Basis mean? Read on to discover the definition & meaning of the term Claims-Occurrence Basis - to help you better understand the language used in insurance policies.

Claims-Occurrence Basis

Claims-Occurrence Basis

Type of insurance policy which pays only those claims that occur during the period covered by the policy; it does not matter when they are filed. See also claims made basis.

We hope the you have a better understanding of the meaning of Claims-Occurrence Basis.

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