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extended reporting endorsement |
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extended reporting endorsement Tail coverage, see there How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The court found that (a) given the fact that the insured learned of the possibility of the claim with only three days left in his policy period; (b) the insured reported the claim as soon as he received confirmation of the claim; and (c) the insurer had not given the insured the opportunity to buy an extended reporting endorsement which would have given him more time (typically 60 days) to report claims, excuse of the reporting condition was justified. The extended reporting endorsement premium written for the three months ended March 31, 2004 totaled $2. The extended reporting endorsement premium written for the first quarter of 2003 totaled $1. |
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