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What does retro active date mean in an insurance policy?
The retroactive date is the date from which coverage is deemed valid. Retro active dates are most common in professional lines ( claims Made ) policies and indicate the beginning coverage date from which there has been no lapse. You will not find a retroactive date on an occurrence policy
Can you buy travel insurance after starting your trip?
Yes, obviously the coverage starts from that point going forward with nothing retroactive.
What is a 'retroactive period' in liability insurance?
The retroactive date sets how long before the inception of the policy that you are covered for negligent acts, error or omissions that you report during that policy. A retroactive date can match the policy inception date so that no prior acts are covered. From the date of the retro period would be the continuous period before the retro date during which the coverage is applicable
Should it be retroactive from or retroactive to?
erwe
How many morphemes in retroactive?
4
When was Retroactive Records created?
Retroactive Records was created in 2002.
Retroactive used in a sentence?
The legislature passed a tax bill that was Retroactive to six months ago. =)
What is a good sentence for the word retroactive?
The order was retroactive to the first of the year.Although I already worked for the company for 19 months, the new pay raise was retroactive to my start date.
Can you give me a sentence with the word retroactive in it?
These substances contain retroactive chemicals in them which are bad for you.
How do you make a sentence using the word retroactive?
These changes are retroactive to the beginning of the fiscal year.
What does retroactive mean?
Retroactive usually means that they have backdated it in some way.....
Is there a lapse in coverage on an insurance policy if the policy was cancelled and then reinstated?
Technically, the policy lapsed. If a covered loss occurred before reinstatement, the insurer would arguably be justified in denying coverage. However, if the reinstatement was retroactive to the lapse date (which would probably occur if the reinstatement occurred quickly), and if you have been with the insured for some time, coverage may be extended to the intervening loss.
