The retroactive date serves to preclude coverage for incidents that the insured knows about and that might have the potential to give rise to future claims. Basic tail and the option to purchase a supplement tail are provided if the policy is canceled or not renewed by either the insured or the insurer. (Photo: utah51/Adobe Stock)

Part 1 of this series examined coverage may or may not apply for a claim filed under a claims-made policy vs. an occurrence policy, based on a question FC&S received regarding a policy for an insured who moved coverage from a claims-made basis to an occurrence form. The claims-made policy had a retroactive date going back to 2002, but in the occurrence policy, the date shown on the declarations was the same date as the policy effective date: April 18, 2022.

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