Connecticut All-Lines Adjuster Licensing Practice Exam 2025 – Comprehensive Preparation

Question: 1 / 400

Which of the following defines a claim made under the insurance policy after a specified time period?

Past Claim

Future Claim

Claims-Made

The term that defines a claim made under the insurance policy after a specified time period is "Claims-Made." This designation refers specifically to the type of insurance policy that covers claims only if the event occurred and was reported within a certain period or timeframe specified in the policy. A claims-made policy typically has a retroactive date, which is the point from which claims can be made. If a claim occurs after the specified policy period, it may not be covered unless the policy is renewed or extended.

This concept is particularly important in professional liability and errors and omissions insurance, where exposures may not surface until much later after the service has been rendered. Understanding how claims-made policies function is crucial for both adjusters and policyholders to ensure appropriate coverage and compliance with reporting requirements.

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