Question

For occurrences transpiring during the supplemental extended reporting period, what is the time limit in which a claim must be made in order to be covered by a claims-made CGL policy?

a. 7 years
b. 5 years
c. None
d. 2 years

Answer 1

In a claims-made CGL policy, the time limit for making a claim during the supplemental extended reporting period is typically 2 years.

Step-by-step explanation:

In a claims-made CGL policy, the time limit for making a claim during the supplemental extended reporting period is typically 2 years.

This means that if an occurrence happens during the supplemental extended reporting period, the claim must be made within 2 years after the policy expires or is canceled.

Answer 2

Explanation:

The correct answer is d. 2 years. In a claims-made Commercial General Liability (CGL) policy, there is typically a time limit within which a claim must be made in order to be covered. This time limit is known as the “claims reporting period.” For occurrences that happen during the supplemental extended reporting period, the claim must be made within 2 years to be covered by the policy.