Occurrence

An event that results in an insured loss. In some lines of insurance, such as Liability, it is distinguished from accident in that the loss does not have to be sudden and fortuitous and can result from continuous or repeated exposure which results in bodily injury or property damage neither expected nor intended by the insured

See Also: Outpatient treatment; Out of pocket maximum; Optional Riders; Optional Flight Accident Plan; Overall Liquidity Ratio; Other Income/Expenses; Operating Ratio (IRIS); Operating Cash Flow;

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