Full Definition
The retroactive date is the cutoff date in a claims-made policy before which no coverage applies for wrongful acts. If an incident occurs before the retroactive date, any resulting claim is excluded from coverage regardless of when the claim is filed. The retroactive date is established when the first claims-made policy is purchased and should be maintained (or moved earlier) when switching carriers. 'Full prior acts' coverage means no retroactive date applies, providing the broadest possible protection. Advancing the retroactive date (moving it forward) is a common carrier tactic that reduces coverage scope and should be resisted during renewals.
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