Author Question: Which of the following statements about errors and omissions insurance is (are) true? I. It is ... (Read 56 times)

soccerdreamer_17 · **on:** Jul 11, 2018

Which of the following statements about errors and omissions insurance is (are) true?

I. It is purchased by professionals to protect against claims arising for negligent acts, errors, and omissions.
II. It is designed to meet the needs of stock brokers, attorneys, engineers, architects and other professionals who give advice to clients.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Which of the following statements about physicians, surgeons, and dentists liability insurance is true?

A) Liability coverage is restricted to accidental acts.
B) The policy eliminates the need for medical practitioners to purchase general liability insurance.
C) The insurer must obtain the consent of medical practitioners before the insurer can settle claims.
D) The policy covers the physician for the negligent acts of an employee.