Extended Reporting Period definition

Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

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Extended Reporting Period means the period of time after the end of the Policy Period for reporting Claims to the Company that are made against an Insured during the applicable Extended Reporting Period by reason of an act or omission, which was committed prior to the end of the Policy Period and on, or subsequent to, the Retroactive Date and is otherwise covered by this Policy.

Extended Reporting Period means a period allowing for making claims after expiration of a claims-made policy. This is also known as a “tail”.

Examples of Extended Reporting Period in a sentence

• If the policy is written on a claims made basis, Contractor must provide to OGS proof that the policy provides the option to purchase an Extended Reporting Period (“tail coverage”) providing coverage for no less than one (1) year after work is completed in the event that coverage is cancelled or not renewed.

• In the event the policy is cancelled, non-renewed, switched to occurrence form, or any other event which triggers the right to purchase a Supplemental Extended Reporting Period (SERP) during the life of this Contract the AGENCY agrees to purchase the SERP with a minimum reporting period of not less than two (2) years.

• If coverage is written on a claims-made basis, PROVIDER agrees to purchase an Extended Reporting Period Endorsement, effective for two (2) full years after the expiration or cancellation of the policy.

• It is also agreed that on Claims-Made policies, either Contractor or Agency may invoke the tail option on behalf of the other party and that the Extended Reporting Period premium shall be paid by Contractor.

• If coverage is written on a claims-made basis, Provider agrees to purchase an Extended Reporting Period Endorsement, effective for two (2) full years after the expiration or cancellation of the policy.

More Definitions of Extended Reporting Period

Extended Reporting Period means the period of time, following expiration of an insured’s "policy period", which is specified in an "extended reporting period endorsement” and during which said insured may present "written claims" to us arising out of "wrongful acts" occurring during said insured’s "coverage period" and which claims would otherwise have been covered under the terms of this policy if they had been presented to us during said insured’s “policy period”. An "extended reporting period" shall be provided only by a separate endorsement issued by us pursuant to SECTION VII K.

Extended Reporting Period. (if purchased) means the applicable period of time after the end of the Policy Period for reporting Claims arising out of Wrongful Acts committed or alleged to have been committed prior to the end of the Policy Period and on or subsequent to the Retroactive Date.

Extended Reporting Period means a designated period of time after an errors and omissions insurance policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period;

Extended Reporting Period means (1) the 60 day period of time following the end of the Policy Period or earlier termination of the Policy during which an Insured may provide the Company with notice of Claims per Section IX of this Policy or (2) such additional time for reporting Claims for Wrongful Acts occurring prior to the end of the Policy Period as provided in a separate Extended Reporting Period Endorsement attached to this Policy.

Extended Reporting Period. , if applicable, means the period specified in the Declarations after the end of the Policy Period for reporting Claims arising out of negligent acts, errors or omissions or Occurrences, which take place prior to the end of the Policy Period but subsequent to the Retroactive Date.

Extended Reporting Period means the period of time after the end of the “Policy Period” for reporting “Claims” as provided in Section VIII. of this Policy.

Extended Reporting Period means the period commencing immediately following the end of the Policy Period and finishing sixty (60) days thereafter or when the Insured first effects another insurance policy providing professional indemnity insurance (whichever is the earlier).