A claims-made policy in force now shows a retroactive date of three years ago. A claim made today alleges an error committed five years ago. The policy:
Explanation
A retroactive date is the earliest date of wrongful act, injury, or damage a claims-made policy will reach; anything happening before it is outside coverage even when the claim itself is made during the policy period. Here the act is five years old and the retroactive date is three years old, so the claim is not covered. An extended reporting period lengthens the window for reporting claims and does not move the retroactive date backwards.
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