Extended reporting period
A defined period after a claims-made policy ends during which otherwise covered claims may be reported. It is often called tail coverage, but the policy controls the duration, eligibility, and scope.
An extended reporting period is a time window after a claims-made policy ends in which certain claims may still be reported. “Tail coverage” is the common name, but it is not a blank extension of every term in the former policy.
Connecticut’s regulation includes an applicable extended reporting period in its definition of claims-made coverage and requires a minimum automatic period for policies within the rule. The policy or endorsement determines the actual reporting window, the prior work it reaches, and whether an additional period is available.
Before a practice closes, a professional departs, or a claims-made policy is not renewed, identify the reporting period in writing. See what tail coverage is for the liability decision behind the term.
Sources
- Primary source: Connecticut Agencies Regulations § 38a-327-1 — Includes an applicable extended reporting period in the regulatory definition of claims-made policy coverage.
- Primary source: Connecticut Agencies Regulations § 38a-327-3 — Requires a minimum automatic extended reporting period for claims-made policies covered by the regulation.