Which of the following is (are)covered under a claims-made policy?
I.Claims arising out of occurrences which take place during the policy period,regardless of when the claim is made
II.Claims first reported during the policy period,provided the event occurred after any retroactive date stated in the policy

Question

Quizplus · Accepted Answer

Claims-made policies only cover claims that are reported during the policy period and where the event occurred after any retroactive date stated in the policy. Claims arising out of occurrences which take place during the policy period, regardless of when the claim is made, are covered under occurrence-based policies.

Which of the Following Is (Are)covered Under a Claims-Made Policy