Florida Insurance Claims Adjuster License Practice Exam 2025 - Free Insurance Claims Adjuster License Practice Questions and Study Guide

Question: 1 / 400

Mr. Smith buys a CGL claims-made policy on 1-1-04 with a retroactive date of 1-1-04 and another on 1-1-05 with a retroactive date of 1-1-05. An accident occurs on 7-1-04 and the claim is filed on 9-1-05. Which policy covers?

1-1-04 claims-made policy

1-1-05 claims-made policy

1-1-04 is primary and 1-1-05 policy is excess

Neither policy covers

Neither policy covers because the accident occurred before the retroactive dates of both policies. Retroactive dates determine when coverage begins and since the accident took place on 7-1-04, it falls outside the retroactive date for both policies. Option A and B are incorrect because both policies have retroactive dates that do not cover the accident. Option C is incorrect because both policies have the same retroactive date, making them both primary policies.

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