Section 8 Making the Transition From Occurrence Policy to Claims-Made Policy

• Library: Prof Liability 2005

Making the transition from an occurrence policy to a claims-made policy requires a complete understanding of a claims-made policy. Insureds need this understanding in order to prevent any lapse in coverage. As long as the claims-made policy provides full prior acts coverage, there should not be any lapse. In fact, usually there will be double coverage to an insured. If both the occurrence policy and the claims-made policy are invoked, the primary legal issue is for the carriers to determine how coverage is...