Colloquial term describing the period between the retroactive date and the inception date of a claims-made policy. Claims arising from occurrences within this period but made during the policy period will be within the policy. Occurrences preceding the retroactive date are not within the ‘nose’ and not therefore covered regardless of when claimed.
Tag: RAW
Nose coverage
This is the opposite of tail coverage, although it fulfills the same need. Nose coverage most commonly provides prior acts coverage for insureds who are moving from a claims-made coverage form to an occurrence coverage form. It is provided by the replacement policy.