Extended discovery provision

Term · Insurance and risk management · MLC-T-INS-001426

A clause within a claims-made insurance policy that grants the insured a limited period after the policy's termination to report claims for incidents that occurred while the policy was in force. This provision addresses the lag between an occurrence and the discovery of a resulting claim. It is similar to an extended reporting period but may have different terms.

Table 1. Record
Identifier	MLC-T-INS-001426
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001426",
  "term": "Extended discovery provision",
  "field": "Insurance and risk management",
  "definition": "A clause within a claims-made insurance policy that grants the insured a limited period after the policy's termination to report claims for incidents that occurred while the policy was in force. This provision addresses the lag between an occurrence and the discovery of a resulting claim. It is similar to an extended reporting period but may have different terms.",
  "url": "https://mlchart.com/terminology/insurance/extended-discovery-provision/"
}

Record 1,279 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.