occurrence policy

occurrence policy
occurrence policy n: an insurance policy that provides coverage for an event occurring within the policy period even if the discovery or claim is made later compare claims made policy

Merriam-Webster’s Dictionary of Law. . 1996.

occurrence policy
A liability insurance policy that covers claims arising out of occurrences that take place during the policy period, regardless of when the claim is filed.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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