Which of the following statements is true regarding occurrence-based malpractice insurance?

Occurrence-based malpractice insurance is designed to provide coverage for claims arising from incidents that occur during the period when the policy is active, regardless of when the claim is actually reported. This means that as long as the incident happened while the policy was in force, the policyholder will be covered, even if the claim is filed after the policy has expired. This characteristic offers significant peace of mind to professionals, as they do not have to worry about potential claims related to events that may arise in the future after their coverage ends.

The other options reflect different aspects of malpractice insurance that do not accurately describe occurrence-based policies. For instance, while some policies may restrict the reporting timeframe or have limitations in scope, occurrence-based insurance specifically ensures coverage for past incidents, regardless of when claims are filed as long as they occurred during coverage periods. Additionally, occurrence-based policies are not limited to healthcare facilities; individual practitioners can also obtain this type of coverage, reinforcing the idea that it is accessible for various healthcare providers. Thus, option B accurately represents the key feature of occurrence-based malpractice insurance.