Retroactive date

Retroactive date,

Definition of Retroactive date:

  1. A date that may exist in a claims made policy. If this date does exist, it represents the beginning of coverage. No claims made after this date will be honored.

Meaning of Retroactive date & Retroactive date Definition

Retroactive Date,

How To Define Retroactive Date?

  • Many (but not all) insurance policies that do not cover irregularities claims before a certain date include provisions, even if the claim was made for the first time during the insurance period. For example, for policies from January 1, 2010 to 2011, coverage of claims based on deviations made prior to January 1, 2010, prior to January 1, 2010, will be prohibited, even if the claim (As a result of action). Policyholder during the coverage period from January 1, 2010 to 2011. The previous statistic serves two purposes: (1) to remove coverage of events known to the policyholder or holder that are capable of generating future claims and (2) to exclude coverage. Past claims arising from events in the distant future have been made before, although the insurer was not aware of it. In the first case, the backdated date respects the principle of good, that is, insurance companies should not be used to cover burning buildings. In the latter case, earlier dates make the policy more affordable, eliminating coverage of events that are insured but time consuming.

  • The date of despair is the day insurance starts. Claims submitted before this day will not be covered. However, claims made on or after this date will be insured for as long as these claims are made during their coverage period.

  • Within the scope of civic liability insurance, this is a compensation policy clause stating that the policy will not cover pre-existing losses. The earlier the accounting date, the higher the premium.

  • The date that defines the term of liability insurance coverage. Pre-event claims specified in the policy are excluded.

  • Retroactive Date refers to In non-life insurance, the insurance starts or some time ago. To be covered under the policy, the loss must be reported to the insurance company after the previous date.

Literal Meanings of Retroactive Date

Retroactive:

Meanings of Retroactive:
  1. (Especially laws) that came into force in the past.

Sentences of Retroactive
  1. Big increase in taxes

Synonyms of Retroactive

backdated, backward-looking, ex post facto, retroactive

Date:

Meanings of Date:
  1. Set or check the date (an item or event)

  2. Mark or show as obsolete.

  3. Dating (someone you are romantic or sexually attracted to)

  4. Months or days of the year, indicated by numbers.

  5. Dating or social or romantic affiliation.

  6. Sweet, dark brown, oval fruit with hard core, usually eaten dry.

  7. A large palm is native to West Asia and North Africa.

Sentences of Date
  1. The paintings are from 1460-1470

  2. Disco - That's the word that comes to mind

  3. I dated a former friend a few years ago

  4. What day is it today

  5. A student is meeting someone he met in class

  6. However, he cautioned diabetics to beware of high-calorie fruits such as mangoes, pomegranates and jackals, as well as high-calorie fruits such as dates and grapes.

  7. The Phoenix Sylvester Palm or Toddy Palm palm is very similar to the canary palm and edible palm.

Synonyms of Date

see, engagement, woo, occasion, determine the date of, meeting, time, be involved with, take out, go around with, go with, assignation, go out with, be romantically linked with, put a date on, establish the date of, year, rendezvous, appointment, carbon-date, anniversary, day, put a date to, establish the age of, determine the age of, day of the month, ascertain the date of, assign a date to, ascertain the age of, court