Question

How is an accident defined in insurance?

a.

A planned event causing damage to an entity

b.

An unforeseen and unintended event causing damage or injury

c.

A natural disaster such as a hurricane or earthquake

d.

A financial loss incurred due to market fluctuations

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).An unforeseen and unintended event causing damage or injury Explanation:An accident in insurance refers to an event or occurrence causing damage or injury to an entity, which is unforeseen and unintended.

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Q. How is an accident defined in insurance?
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