Definition of Policy Period


Policy Period means the period from the initial effective date of the Policy through the next succeeding anniversary date or the period from any anniversary date subsequent to the initial effective date through the next succeeding anniversary date (or any modification of such period as may be agreed to by the Parties and the insurer).

Examples of Policy Period in a sentence

The Policy Period terminates at the date and hour specified in such notice, or at the date and time of surrender.
As used herein, "full annual premium" means the premium level in effect immediately prior to the end of the Policy Period.
Further, any Claim which is made subsequent to the Policy Period or Discovery Period (if applicable) which pursuant to Clause 7(b) or 7(c) is considered made during the Policy Period or Discovery Period shall also be subject to the one aggregate Limit of Liability stated in Item 4 of the Declarations.
Any Claim made during the Extended Reporting Period shall be deemed to have been made during the immediately preceding Policy Period.
However, no change shall be made to the specific list attached to this policy during the Policy Period without the consent of the Named Corporation.