WebDescription: The older is the inception date, the better the picture an investor can get on the overall performance of the fund and can view the trend chart as per his needs (quarterly, … WebA retroactive date is a provision found in many (although not all) claims-made policies that eliminates coverage for claims produced by wrongful acts that took place prior to a …
retroactive date - IRMI
WebINCEPTION DATE The date from which, under the terms of a policy, an insurer is deemed to be at risk. INCREASE IN COST OF WORKING Under a business interruption policy some cover is provided for additional expenditure incurred by the insured solely for the purpose of reducing the shortage in production following an insured event. INDEMNITY WebAdditional Information. For example, assume that an insured has a claims-made policy that includes a January 1, 2000, retroactive date and a January 1, 2014–15, term. If a claim is made against the insured on July 1, 2014, and the claim arose from a wrongful act that took place on January 1, 1998, there would be no coverage under the policy ... how do they collect fox urine
Jargon buster - BIBA - British Insurance Brokers
WebJun 29, 2024 · The policy start date is normally the date on which the insurance company approves and accepts your application. The policy date is the date written on the policy. … WebInception date. The date an insurance policy's coverage is started. Also called effective date. Policy term. The period of time that an insurance policy provides coverage. Most policies have a one-year term (365 days) but many other policies also have a 6-month term. Policy terms can be for any length of time and can be for a short period when ... WebBased on 6 documents. Relevant Insurance Inception Date means the date on which the Relevant Insurance is first providing active insurance cover to Project Co and the Region being a date no earlier than the Substantial Completion Date. Sample 1. Based on 4 documents. Relevant Insurance Inception Date means the date on which the Relevant ... how do they clean up oil spills in the ocean