What it does
CG 27 02 01 96 is Exclusion Of Specific Accidents, Products, Work Or Locations (for use with CGL claims-made policies). It lets a claims-made insurer exclude specific known accidents, products, work or locations.
Who needs it
Claims-made policyholders and agents managing retroactive dates and tail coverage.
Key provisions and limits
- Used only with claims-made coverage forms.
Quoting and selling notes
- Usually paired with CG 27 03 on the expiring policy so the excluded items are reported there.
- On any claims-made placement, record the retroactive date, the date coverage first began with continuous claims-made insurance, and the extended reporting options; changing carriers without matching the retroactive date can leave prior acts uninsured.
