All of the following statements about claims-made coverage in a CGL policy are correct, EXCEPT:

All of the following statements about claims-made coverage in a CGL policy are correct, EXCEPT:


The basic extended reporting period gives the insured ten years to report claims that allegedly occurred during the policy period.


The claims-made form includes Personal and Advertising Injury coverage.


Under the claims-made form, claims filed during the policy period can be covered even if the event occurred prior to the policy's effective date.


The date before which no claim will be accepted is known as the retroactive date.



Answer: The basic extended reporting period gives the insured ten years to report claims that allegedly occurred during the policy period.

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