Question

How is "occurrence" defined in insurance?

a.

An incident, event, or happening in a non-insurance context

b.

Continual, gradual, or repeated exposure to an adverse condition

c.

An accident resulting in sudden damage or injury

d.

The intentional and expected exposure to a hazardous condition

Posted under IC85 Reinsurance Management

Answer: (b).Continual, gradual, or repeated exposure to an adverse condition Explanation:In insurance, "occurrence" is defined as continual, gradual, or repeated exposure to an adverse condition that is neither intended nor expected to result in injury or damage. It contrasts with an accident, which is a sudden happening.

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Q. How is "occurrence" defined in insurance?
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