master policy

master policy definition - business

master policy

  1. An insurance policy that provides coverage for multiple parcels of real estate.
  2. A single contract issued to an organization by an insurance company that provides group coverage to eligible employees or members.

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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