Claims-made basis policy, Assume the following for a

Claims-made basis policy

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Reference no: EM134029928

Question

Assume the following for a claims-made basis policy: • Policy is bought on Jan 1, 2016 and is in force until Dec 31, 2017. • Retroactive coverage is bought that starts Jan 1, 2015. • Tail coverage is bought and is effective from Jan 1, 2018 to Dec 31, 2019. For the insurer to pay, between what dates does a claim related to the event have to be reported? Assume the following for a claims-made basis policy: • Policy is bought on Jan 1, 2016 and is in force until Dec 31, 2017. • Retroactive coverage is bought that starts Jan 1, 2015. • Tail coverage is bought and is effective from Jan 1, 2018 to Dec 31, 2019. For the insurer to pay, between what dates does a claim related to the event have to be reported? Between Jan 1, 2015 and Dec 31, 2019 Between Jan 1, 2015 and Dec. 31, 2017 Between Jan 1, 2016 and Dec. 31, 2017 Between Jan 1, 2016 and Dec. 31, 2018 None of the other answers are correct.

Reference no: EM134029928

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