Florida Insurance Licensing Practice Exam

What is the duration of the Supplemental extended reporting period under CGL Claims-made form?

1. 90 days following policy expiration

2. May extend from one year to an indefinite time

3. Must be selected after expiration of policy

4. 60 days with possible extension to 90 days

The correct answer is: May extend from one year to an indefinite time

The duration of the Supplemental extended reporting period under CGL Claims-made form is not a fixed period of time, but rather can be extended from one year to an indefinite time. This allows for continuous coverage for claims that may arise after the expiration of the policy. Options A, C, and D are not correct as they either refer to a fixed period of time (90 days) or a specific action that must be taken (such as selecting the extended reporting period) after policy expiration.