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policy
(redirected from policy period)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
policy
[pol′isē]
Etymology: Gk, politeia, the state
a principle or guideline that governs activities in a facility that employees or members of the institution or organization are expected to follow.

policy [pol´ĭ-se]
a plan of activity or behavior that serves some end such as being expedient or beneficial.
health care policy subfield of political science covering the making and implementing of decisions by public administrators and elected legislators to improve the health and well-being of the public.

policy,
n the document embodying the insurance contract.
policy holder,
n under a group purchase plan, the employer, labor union, or trustee to whom a group contract is issued. In a plan providing for individual or family enrollment, the person to whom the contract is issued.
policy period,
n the time during which an insurance contract affords protection.
policy year,
n the year commencing with the effective date of the insurance contract or with an anniversary of that date.

policy
Health insurance A contractual agreement between an insurer and insured, which sets forth the rights and obligations of both parties to the agreement. See Any willing provider policy, Claims made policy, Commercial policy, Major hospitalization policy, Occurrence policy, Trolley car policy, Wrap-around policy Vox populi A series of rules or guidelines promulgated by an authorizing body. See Federal policy, General policy, Guidelines, HISP policy, Local Medicare review policy, No nit policy, Mexico City policy, PHS policy, Zero tolerance policy.


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Almost every professional liability insurance policy is a "claims made" policy, which typically provides coverage only for claims first made against the insured and reported to the carrier in writing during the policy period.
Key features of the plan include: * Directors and officers liability additional limit--$1 million defense * Employment practices liability additional limit--$1 million defense * Domestic partner coverage * Prior acts coverage * Duty to defend policy * Outside directorship coverage * Claims made within the policy period * Entity coverage with no products liability exclusion.
Policy periods are usually divided up into easy periods such as one, ten or twenty years.
 
 
 
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