Examples of Retroactive period in a sentence
Retroactive period implies the period prior to the actual Policy in force, not exceeding 2 years from the date of discovery of any such loss or losses wherein losses sustained shall be covered under this Policy Provided that in such retroactive period the Insurance was continuously in force but in no event the Company shall be liable to pay any claim in respect of a loss or damage sustained prior to the Inception of the original Policy.
One can insure more than one unit situated in different locations under a single policy.The policy offers a benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy, also become payable.There are three types of Public Liability Policies.
Retroactive period enrollments will be labeled with the letter “T” in the Special_enroll field.