Common use of Run-Off Cover Clause in Contracts

Run-Off Cover. In the event that you have permanently ceased or retired from practice as a General Medical Practitioner, this Policy shall automatically be terminated on the date of your permanent cessation of practice or retirement. However upon termination of this Policy you shall be entitled to an extension of coverage granted by this Policy for a period of up-to 72 months but only for any negligent act or omission committed or allegedly committed by you in the provision of Professional Services prior to your permanent cessation of practice or retirement and on or after the Retroactive date. (hereinafter referred to as Extended Reporting Period) Provided always that : -

Run-Off Cover. In the event that you have permanently ceased or retired from practice as a General Medical Practitioner, this Policy policy shall automatically be terminated on the date of your permanent cessation of practice or retirement. However upon termination of this Policy policy you shall be entitled to an extension of coverage granted by this Policy policy for a period of up-to 72 months but only for any negligent act or omission committed or allegedly committed by you in the provision of Professional Services prior to your permanent cessation of practice or retirement and on or after the Retroactive retroactive date. (hereinafter referred to as Extended Reporting Period) Provided always that : -