Nose coverage

Term · Insurance and risk management · MLC-T-INS-002366

A feature of a claims-made insurance policy that provides coverage for claims arising from incidents that occurred before the policy's effective date but are reported during the policy period. This coverage is typically purchased when an insured switches from one claims-made policy to another or from an occurrence policy to a claims-made policy. It bridges the gap for prior acts, preventing a lapse in protection.

Table 1. Record
Identifier	MLC-T-INS-002366
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002366",
  "term": "Nose coverage",
  "field": "Insurance and risk management",
  "definition": "A feature of a claims-made insurance policy that provides coverage for claims arising from incidents that occurred before the policy's effective date but are reported during the policy period. This coverage is typically purchased when an insured switches from one claims-made policy to another or from an occurrence policy to a claims-made policy. It bridges the gap for prior acts, preventing a lapse in protection.",
  "url": "https://mlchart.com/terminology/insurance/nose-coverage/"
}

Record 2,333 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.