A claims-made contract pays for claims made in the policy period that stem from occurrences that took place after the retroactive date.

Name: A claims-made contract pays for claims made in the policy period that stem from occurrences that took place after the retroactive date.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A claims-made contract only covers claims that are reported during the policy period, but it can cover occurrences that happened before the policy started, as long as they fall after the retroactive date.

A Claims-Made Contract Pays for Claims Made in the Policy