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7 Cards in this Set
- Front
- Back
Exposure rule |
Under the exposurerule, an occurrence takes place at the time of the first exposureto damage-producing elements. |
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Manifestation rule |
The rule stating that occurrence takes place at the time the injury orproperty damage is discovered. |
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Punitive damages (exemplary damages) |
A payment awardedby a court to punish a defendantfor a reckless, malicious, or deceitful act to deter similar conduct;the award need not bear any relationto aparty's actual damages. |
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Unintended consequences |
Resulting damages,produced by deliberate acts, that are greater inseverity than the insured intended. |
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Parental liability |
Vicarious liabilityfor damages caused by a minor |
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Business activity |
Considers continuity and a profit motive |
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Loading and unloading |
Activities thathave coverage under either a business auto or a CGL policy depending on the circumstances |