What is the primary purpose of a claims-made form in insurance?

The primary purpose of a claims-made form in insurance is to cover the insured for events that occurred after the policy was in force. This type of policy is designed to provide coverage for claims that are reported within the policy period, regardless of when the incident occurred, as long as the incident happens after the retroactive date specified in the policy. This is particularly relevant in liability insurance, where claims can be made long after the event that caused the claim.

The claims-made form emphasizes the importance of the policy period in which the claim is reported. It is different from an occurrence form, which provides coverage for events that happen during the policy period, regardless of when the claims are filed. Therefore, the essence of a claims-made form lies in its focus on when claims are reported rather than solely on when the incidents occurred, making answer B accurate in reflecting this feature.