Florida Insurance Claims Adjuster License Practice Exam

The retroactive date under the CGL establishes the earliest date a claim will be paid under which form?

1. Claims-Made form

2. Occurrence form

3. Both the Occurrence and Claims-Made form

4. Products and Completed Operations form

The correct answer is: Claims-Made form

The retroactive date is a provision in insurance policies, determining that only problems occurring after a specified date will be covered under the claims-made form. This means that claims made from events that occurred before the specified date will not be covered. Thus, the retroactive date establishes the earliest date a claim will be paid, specifically under the claims-made form. The other options, such as the occurrence form, do not have a retroactive date provision and would cover any claims related to events within the policy period regardless of when they were made. The products and completed operations form is generally used for claims involving completed work or products rather than general claims, and it also does not have a retroactive date provision. Therefore, only the claims-made form is affected by the retroactive date provision.