MLchartDataset catalogue

Discovery provision

Term · Insurance and risk management · MLC-T-INS-001189

A provision in a claims-made policy that lets the insured give notice during the policy period of facts or circumstances that could later lead to a claim. A claim that later arises from those reported circumstances is treated as made in the policy period in which notice was given, even if it arrives after that policy has expired.

Table 1. Record
IdentifierMLC-T-INS-001189
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001189",
  "term": "Discovery provision",
  "field": "Insurance and risk management",
  "definition": "A provision in a claims-made policy that lets the insured give notice during the policy period of facts or circumstances that could later lead to a claim. A claim that later arises from those reported circumstances is treated as made in the policy period in which notice was given, even if it arrives after that policy has expired.",
  "url": "https://mlchart.com/terminology/insurance/discovery-provision/"
}

Record 1,007 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.