Tail Insurance definition

Tail Insurance has the meaning set forth in Section 7.2(b).

Tail Insurance shall have the meaning set forth in Section 5.03 hereof.

Tail Insurance means insurance which covers a professional insured once a claims made malpractice insurance policy is cancelled, not renewed or terminated and covers claims made after such cancellation or termination for acts occurring during the period the prior malpractice insurance was in effect.

Examples of Tail Insurance in a sentence

• Expressed mathematically: Claims-made insurance + Tail insurance = Occurrence- based insurance.Some employment agreements simply mention that you will be provided pro- fessional liability malpractice insurance without addressing whether the policy is occurrence-based or claims-made.

• Tail insurance would cover medical malpractice claims against Toelle that are made after she left HMH based on her practice while she was employed by HMH.

• Tail insurance extends your malpractice coverage after your policy’s end date, and it is offered by many companies.

• Tail insurance premiums are paid by the University on behalf of certain physicians to provide professional liability coverage related to activities conducted in their practices prior to employment with the University.

• Tail insurance for three years following the end of services for full pollution liability.

More Definitions of Tail Insurance

Tail Insurance. Policy. Effective at the Closing, YSI shall provide, at its sole expense, for the benefit and in the name of the Company and the Subsidiaries, a so-called "tail insurance" policy covering professional liability and malpractice claims against the Company and the Subsidiaries for a period of seven (7) years subsequent to the Closing Date and providing insurance in favor of such entities with such deductibles and otherwise substantially similar to the professional liability insurance policy in effect for the Company and the Subsidiaries immediately prior to the Closing, all with an insurer reasonably satisfactory to the Purchaser and pursuant to a policy of insurance that is reasonably satisfactory to the Purchaser.

Tail Insurance means a fully-paid extended reporting endorsement (tail endorsements) with respect to each insurance policy of Seller providing at least a three (3)-year extended reporting period after the Closing and providing coverage for insured acts and omissions that may have occurred prior to the Closing.

Tail Insurance has the meaning ascribed thereto in Section 7.14 of this Agreement.

Tail Insurance is defined in Section 6.9 of this Agreement.

Tail Insurance shall have the meaning ascribed to such term in Section 4.16(c) hereof.

Tail Insurance. Policy. Effective at the Closing, the Shareholders shall cause the Company to provide, at its sole expense, for the benefit and in the name of the Company, a so-called "tail insurance" policy covering general and professional liability and malpractice claims against the Company for all periods prior to the Closing Date with such deductibles and terms

Tail Insurance means prepaid six-year non-cancellable run-off insurance policy with respect to the Acquiror’s existing directors’ and officers’ liability insurance coverage to provide insurance coverage for events, acts or omissions occurring prior to the Closing for all directors and officers and which shall have a scope substantially similar to the existing coverage under, and have other terms not less favorable to the insured persons than the terms of, the directors’ and officers’ liability insurance coverage currently maintained.