Pure claims-made policy

Term · Insurance and risk management · MLC-T-INS-002766

An insurance policy that covers claims reported to the insurer during the policy period, regardless of when the actual wrongful act or event occurred. This type of policy typically does not include an extended reporting period (tail coverage) for claims made after the policy expires. It contrasts with claims-made and reported policies, which require both the claim and the reporting to occur within the policy period.

Table 1. Record
Identifier	MLC-T-INS-002766
Field	Insurance and risk management
Subject	Management Liability

Record as JSON

{
  "id": "MLC-T-INS-002766",
  "term": "Pure claims-made policy",
  "field": "Insurance and risk management",
  "definition": "An insurance policy that covers claims reported to the insurer during the policy period, regardless of when the actual wrongful act or event occurred. This type of policy typically does not include an extended reporting period (tail coverage) for claims made after the policy expires. It contrasts with claims-made and reported policies, which require both the claim and the reporting to occur within the policy period.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/pure-claims-made-policy/"
}

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