Extended Reporting Period Coverage definition

Extended Reporting Period Coverage as used herein shall mean coverage for claims made after termination or expiration of the Company’s Policy on losses that would have been covered under the terminated or expired Policy had the claims been made during the term of that Policy. All claims made against or reported to the Company during an extended reporting period shall be deemed to have been made against or reported to the Company on the last full day of the Policy period to which the extended reporting period applies. For purposes of this Contract, the date of loss for any claim coming within Extended Reporting Period Coverage, whether such coverage is automatically extended under the Policy or whether a specific endorsement is issued, will be the termination or expiration date of the Policy.

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Extended Reporting Period Coverage as used herein shall mean coverage for claims made after termination or expiration of the Company's Policy on losses that would have been covered under the terminated or expired Policy had the claims been made during the term of that Policy. All claims made against or reported to the Company during an extended reporting period shall be deemed to have been made against or reported to the Company on the last full day of the Policy period to which the extended reporting period applies. For purposes of this Contract, the date of loss for any claim coming within Extended Reporting Period Coverage, whether such coverage is automatically extended under the Policy or whether a specific endorsement is issued, will be the termination or expiration date of the Policy.

Extended Reporting Period Coverage as used herein shall mean coverage for claims made after termination or expiration of the Company's Policy on losses that would have been covered under the terminated or expired Policy had the claims been made during the term of that Policy. All claims made against or reported to the Company during an extended reporting period shall be deemed to have been made against or reported to the Company on the last full day of the Policy period to which the extended reporting period applies. For purposes of this Contract, the date of loss for any claim coming within Extended Reporting Period Coverage, whether such coverage is automatically extended Effective: 1/1/06 Page 4 of 27 Pages P06-0108 DLR: 5/22/2006 2:24 PM RP P06-0108 under the Policy or whether a specific endorsement is issued, will be the termination or expiration date of the Policy.

Examples of Extended Reporting Period Coverage in a sentence

Consultant’s insurance shall include minimum Extended Reporting Period Coverage of three years.
If the policy is “Claims Made”, then Extended Reporting Period Coverage (Tail Coverage) shall be purchased for three (3) years after the end of the contract.
It is understood and agreed, as respects Policies on a claims-made or losses-discovered basis, any Extended Reporting Period Coverage provided thereunder shall be reinsured hereunder, provided the date of loss is during the term of this Contract.
The entire additional premium for the Supplemental Extended Reporting Period Coverage will be deemed earned at its commencement without any obligation by the Insurer to return any portion thereof.
The Supplemental Extended Reporting Period Coverage is subject to, and a part of, the Limit of Liability set forth in Item 4 of the Declarations.
If we cancel or non-renew this Policy, this Policy will provide Automatic Extended Reporting Period Coverage.
The entire additional premium for the Supplemental Extended Reporting Period Coverage will be deemed earned at its commencement without any obligation by us to return any portion thereof.
The length of time for which the Insurer will provide Supplemental Extended Reporting Period Coverage is the Supplemental Extended Reporting Period.
The right to purchase Supplemental Extended Reporting Period Coverage will end unless the Insurer receives written notice and full payment of the premium for such coverage within thirty (30) days following the effective date of the Termination Of Coverage.
The Automatic Extended Reporting Period Coverage is subject to, and a part of, the Limits of Liability set forth in Item 4.

More Definitions of Extended Reporting Period Coverage

Extended Reporting Period Coverage means an extension of the coverage provided under this Policy whereby the Insurer agrees to pay on behalf of the Insured all Loss as a result of any Claim: a. First made against such Insured during the applicable Extended Reporting Period; and b. For any Wrongful Act that is committed or attempted, or allegedly committed or attempted, by such Insured on or after the Retroactive Date and prior to: (i) With respect to Automatic Extended Reporting Period Coverage, the cancellation or non-renewal of this Policy; and (ii) With respect to Supplemental Extended Reporting Period Coverage, the Termination Of Coverage.

Extended Reporting Period Coverage means an extension of the coverage provided under this Policy whereby we agree to pay on behalf of the insured all ultimate net loss as a result of any claim that: 1. Is first made against such insured during the applicable Extended Reporting Period; 2. Alleges any medical incident that is committed on or after the Retroactive Date and prior to: a. With regard to Automatic Extended Reporting Period Coverage, the effective date of the cancellation or non-renewal of this Policy; or b. With regard to Supplemental Extended Reporting Period Coverage, the effective date of the Termination Of Coverage; and 3. Arises out of the rendering or failure to render medical professional services.