Montrose provision
Term · Insurance and risk management · MLC-T-INS-002224
A specific clause included in some liability insurance policies, particularly in California, designed to clarify or limit coverage for continuous or progressive injury and damage claims. This provision often seeks to modify the application of the Montrose doctrine by specifying how and when coverage is triggered for such long-tail claims. It aims to provide greater certainty regarding an insurer's obligations in these complex scenarios.
| Identifier | MLC-T-INS-002224 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002224",
"term": "Montrose provision",
"field": "Insurance and risk management",
"definition": "A specific clause included in some liability insurance policies, particularly in California, designed to clarify or limit coverage for continuous or progressive injury and damage claims. This provision often seeks to modify the application of the Montrose doctrine by specifying how and when coverage is triggered for such long-tail claims. It aims to provide greater certainty regarding an insurer's obligations in these complex scenarios.",
"url": "https://mlchart.com/terminology/insurance/montrose-provision/"
}
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