Sentences with phrase «made during the policy period»

Certain types of professional liability policies are issued to cover claims made during the policy period rather than things that occurred during the policy period, but that doesn't mean you can backdate renters insurance.

Claims made insurance pays for claims made during the policy period, more or less without regard to when the act occurred.

There's the per claim limit of a policy, so that's the most a carrier will pay for a single claim made during a policy period.

However, for a claim to even be considered for coverage, it has to be made during the policy period.

As an initial matter, the insurer should determine whether the claim was actually made during the policy period.

If it was not made against the insured during the policy period, then the insurer can disclaim coverage for that reason alone, regardless of when the insured gave notice.1 If the claim was made during the policy period but the insured gave notice after the expiration of the requisite time frame for notice under the policy, then the ability to disclaim coverage will turn on whether the notice provisions are conditions precedent or covenants.2 This principle applies regardless of whether the policy is a claims - made or a claims - made - and - reported and reported.3 If the notice provisions are covenants, then late notice constitutes a breach of the policy by the insured, triggering application of Md..

In most EPLI policies, the event triggering coverage is a claim for an employment wrongful act which is first made during the policy period.

A policy providing liability coverage only if a written claim is made during the policy period or any applicable extended reporting period.

Claims - made policies are usually cheaper but they cover claims made during the policy period only.

A claims - made policy covers claims that are made during the policy period.

Claims may be made during the policy period or anytime thereafter.

First, the policy limits coverage to claims first made during the policy period.

All claims - made policies stipulate that claims must be made during the policy period.

The aggregate limit is the most the insurer will pay for all claims made during the policy period.

Typical professional liability policies will indemnify the insured against loss arising from any claim or claims made during the policy period by reason of any covered error, omission or negligent act committed in the conduct of the insured's professional business during the policy period.

«We will pay on behalf of the insured loss that the insured becomes legally obligated to pay for any claim first made during the policy period that arises out of a wrongful act.»

Most errors and omissions policies are claims - made, meaning they cover claims made during the policy period.

Claims which may relate to incidents occurring before the coverage was active may not be covered, although some policies may have a retroactive date, such that claims made during the policy period but which relate to an incident after the retroactive date (where the retroactive date is earlier than the inception date of the policy) are covered.

More specifically a typical policy will provide indemnity to the insured against loss arising from any claim or claims made during the policy period by reason of any covered error, omission or negligent act committed in the conduct of the insured's professional business during the policy period.

The policy automatically covers any improvements to the building that are made during the policy period.

D&O policies apply on a claims - made basis, meaning they cover claims made during the policy period.

Professional liability insurance policies are generally set up based on a claims - made basis, meaning that the policy only covers claims made during the policy period.

Surrender Value: Surrender Values are only payable if no claims have been made during the policy period, and it is payable during the policy term.

D&O policies are claims - made, meaning they cover claims made during the policy period.

Certain types of professional liability policies are issued to cover claims made during the policy period rather than things that occurred during the policy period, but that doesn't mean you can backdate renters insurance.

Claims made insurance pays for claims made during the policy period, more or less without regard to when the act occurred.

Not exact matches

A lower neutral rate also makes it more likely that interest rates will be constrained by the effective lower bound, meaning monetary policy will have less scope to support income growth during periods of economic weakness.

Organize students into groups and have them make predictions about what would happen if different scenarios of fiscal and monetary policy were implemented during inflationary periods and periods of recession / depression.

On the other hand, if the building remains undamaged by fire during the policy period, neither the insurer nor the owner of the building can make any gain off the fact that the risk was not realized.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

However, even if you don't make a claim during the policy period, and your no claim bonus stays the same, or is even reduced, your premium may go up due to other factors.

A claims - made policy protects an insured against covered claims or incidents that occur and are reported during the policy period.

It assumes that no withdrawals or loans have been made during the period since policy owner actions can affect the results of a life insurance policy significantly.

The policy at issue in this case, was crafted in such a way that in order to engage the insurer's duty to defend, it required the communication, during the policy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy at issue in this case, was crafted in such a way that in order to engage the insurer's duty to defend, it required the communication, during the policy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many faPolicy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy will be «claims - made» or «occurrence based» will depend on many factors.

And then the second number is the aggregate limit of a policy, and it's the most a carrier will pay for all claims made during the single policy period.

The policy is a «claims made» policy, meaning lawyers must report all claims or potential claims during the policy period.

The court determined that in answering question 6 (c) in the affirmative and providing Lloyds with a copy of the Great American Notice, Coventree Inc. ensured that Lloyds was aware of the potential claims that could be made during the Lloyds Policy period.

Response: The Secretary acknowledges that covered entities will have to make changes to their policies and procedures during the period between the effective date of the rules below and the applicable compliance dates.

An MVA only applies when the policy owner surrenders or makes a withdrawal from the contract that is greater than the surrender charge free withdrawal amount during the surrender charge period.

Moreover, the sum assured payable on death will not be reduced at any point of time during the term of the policy except where partial withdrawals have been made during the two - year period immediately preceding the death of the life assured.

Some policies are more restrictive, requiring claims to be made and reported to the insurer during the policy period.

Contestable Clause All insurance companies have a period of two years from the policy issue date during which statements made on the application can be challenged for misstatement should death occur within that period.

You can even cancel the policy or make changes to it during the free look period.

A No Claim Bonus discount is awarded at the time of renewal if the insured does not make an OD claim during the policy period.

And don't worry if you initially purchase the wrong policy — travel insurance plans come with a review period of 10 - 14 days and during that time, you can make changes to your plan and even cancel it (for a small fee).

If you've had a medical problem or been treated for a medical condition during the insurance plan's look - back period, then it's important to disclose that fact when you make your travel insurance purchase if you are to ensure that your travel policy will cover medical problems on your trip.

A No Claim Bonus is offered at the time of renewal if the insured does not make an OD claim during the policy period.

[5] A related variation is the claims - made - and - reported policy, under which the policy covers only those claims that are first made against the insured and reported by the insured to the insurer during the policy period.

It assumes that no withdrawals or loans have been made during the period since policy owner actions can affect the results of a life insurance policy significantly.

A Market Value Adjustment (MVA) is a positive or negative adjustment to the policy's accumulation value, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amount.