MLchartDataset catalogue

Prior acts coverage

Term · Insurance and risk management · MLC-T-INS-002665

An insurance policy feature that extends coverage to claims arising from incidents or wrongful acts that occurred before the current policy's inception date. This is common in claims-made policies, where coverage is triggered by the date the claim is reported, not when the act occurred. Prior acts coverage typically requires continuous coverage from the retroactive date specified in the policy.

Table 1. Record
IdentifierMLC-T-INS-002665
FieldInsurance and risk management
SubjectCyber and Privacy Liability
Record as JSON 
{
  "id": "MLC-T-INS-002665",
  "term": "Prior acts coverage",
  "field": "Insurance and risk management",
  "definition": "An insurance policy feature that extends coverage to claims arising from incidents or wrongful acts that occurred before the current policy's inception date. This is common in claims-made policies, where coverage is triggered by the date the claim is reported, not when the act occurred. Prior acts coverage typically requires continuous coverage from the retroactive date specified in the policy.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/prior-acts-coverage/"
}

Record 2,711 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.