claims-made policy

claims-made policy
An insurance policy with a condition whereby only claims notified to the insurer during the policy period are covered. It may be subject to a retrospective cut-off date.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • claims made policy — n: an insurance policy providing coverage only for claims that are filed during the policy period – called also discovery policy; compare occurrence policy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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  • occurrence policy — n: an insurance policy that provides coverage for an event occurring within the policy period even if the discovery or claim is made later compare claims made policy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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