Unilateral extended reporting period provision

Term · Insurance and risk management · MLC-T-INS-003432

A clause in a claims-made liability insurance policy that grants the insured an automatic, limited extension of time to report claims after the policy period ends. This extension applies without an additional premium or action by the insured, typically for a short duration like 60 days. It provides a brief window for claims arising from incidents that occurred during the policy term but were reported late.

Table 1. Record
Identifier	MLC-T-INS-003432
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003432",
  "term": "Unilateral extended reporting period provision",
  "field": "Insurance and risk management",
  "definition": "A clause in a claims-made liability insurance policy that grants the insured an automatic, limited extension of time to report claims after the policy period ends. This extension applies without an additional premium or action by the insured, typically for a short duration like 60 days. It provides a brief window for claims arising from incidents that occurred during the policy term but were reported late.",
  "url": "https://mlchart.com/terminology/insurance/unilateral-extended-reporting-period-provision/"
}

Record 3,571 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.