Arkansas Insurance Adjuster Practice Exam 2025 – Comprehensive All-in-One Guide to Exam Success

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Question: 1 / 400

On what basis is liability coverage provided in a BOP?

Either an occurrence or claims-made basis, depending on the chosen form

An occurrence basis, only

A claims-made basis, only

An occurrence basis for bodily injury and property damage, and on a claims-made basis for personal/advertising injury

A is incorrect because it excludes the claims-made basis for personal/advertising injury. B is incorrect because it does not include a claims-made basis for personal/advertising injury. C is incorrect because it excludes the occurrence basis for bodily injury and property damage. The correct answer is D because it includes both an occurrence basis for bodily injury and property damage, and a claims-made basis for personal/advertising injury. This provides coverage for both types of liability claims that may arise in a BOP.

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