CGL Occurrence and Claims-Made

An Occurrence Form policy pays a claim

A Claims-Made Form policy pays a claim

Which of the following types of insurance policies is most likely to be written under a Claims-Made Form?

Anthony is a lawyer with a Claims-Made Professional Liability insurance policy. The policy dates are:  Effective Date: Jan. 1, 2020;  Expiration Date: Jan. 1, 2021;  Retroactive Date: Jan. 1, 2018. Which of the following claims will be paid by this policy?

The event that must occur in order for a policy to pay a claim is called

For an Occurrence policy, what is the coverage trigger?

For a Claims-Made policy, what is the coverage trigger?

A Claims-Made policy pays a claim if the claim is made (reported) during the policy period. Another requirement, however, is that the loss must occur on or after

Purchasing a Claims-Made policy with a Retroactive Date that is earlier than the original Effective Date of the policy, means that it can provide coverage for

The period of time after the Expiration Date of the policy during which claims can be reported (if the negligent act occurred prior to the Expiration Date of the policy) is known as

An Extended Reporting Period is also known as