MLchartDataset catalogue

Extended discovery period (EDP)

Term · Insurance and risk management · MLC-T-INS-001425

A specified timeframe, following the expiration or cancellation of a claims-made liability policy, during which claims arising from acts or omissions that occurred during the policy period can still be reported. This period allows the insured to report claims that surface after the policy term ends. An EDP often requires an additional premium payment.

Table 1. Record
IdentifierMLC-T-INS-001425
FieldInsurance and risk management
AbbreviationEDP
Record as JSON 
{
  "id": "MLC-T-INS-001425",
  "term": "Extended discovery period (EDP)",
  "field": "Insurance and risk management",
  "definition": "A specified timeframe, following the expiration or cancellation of a claims-made liability policy, during which claims arising from acts or omissions that occurred during the policy period can still be reported. This period allows the insured to report claims that surface after the policy term ends. An EDP often requires an additional premium payment.",
  "abbreviation": "EDP",
  "url": "https://mlchart.com/terminology/insurance/extended-discovery-period-edp/"
}

Record 1,278 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.