Question

What are claims and liabilities?

My query is from g l insurance subject matter

This question was addressed to me during an interview for a job.

Other related questions to my question are:

Are claims and liabilities the same?

What is a liability claim in insurance?

What are some common general liability claims?

What are the liabilities of an insurance company?

Answer 1

The correct answer is: Claims and Liabilities means debts, dues, demands, actions, causes of action, suits, accounts, reckonings, sums of money, bonds, bills, covenants, contracts, controversies, agreements, promises, damages, judgments, any and all claims, obligations, costs, expenses, losses, exposures and liabilities whatsoever of every

The title of my answer can be Claims and Liabilities Definition | Law Insider