claims made policy

noun

Legal Definition of claims made policy

: an insurance policy providing coverage only for claims that are filed during the policy period

called also discovery policy

— compare occurrence policy

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Cite this Entry

“Claims made policy.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/claims%20made%20policy. Accessed 23 Oct. 2020.

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