Question

What happens to individual losses occurring outside the specified period or areas of a loss occurrence?

a.

They are excluded from the loss occurrence

b.

They are considered part of a separate loss occurrence

c.

They are subject to a separate deductible

d.

They are covered under a different type of reinsurance agreement

Answer: (a).They are excluded from the loss occurrence Explanation:Individual losses occurring outside the specified period or areas of a loss occurrence are excluded from that particular loss occurrence. Only losses that fall within the defined duration and geographical limitations are considered part of the occurrence.

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Q. What happens to individual losses occurring outside the specified period or areas of a loss occurrence?

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