Which of the following is (are) covered under a claims-made policy? I

Which of the following is (are) covered under a claims-made policy?

I. Claims arising out of occurrences which take place during the policy period, regardless of when the claim is made
II. Claims first reported during the policy period, provided the event occurred after a retroactive date stated in the policy
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B