claims-made policy

claims-made policy definition - business

claims-made policy

An insurance policy in which the insurer agrees to pay claims only during the term of the policy or within a specified period after expiration of the policy. The insurer is protected against other future claims.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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