Bilateral Extended Reporting Period Provision

1 minuteread by Gary Huddleston

Bilateral Extended Reporting Period Provision — an extended reporting provision found in a claims-made policy that allows the insured to purchase an extended reporting period (ERP) if either the insured or the insurer decides to cancel or nonrenew the policy. (This is also known as a “two-way” extended reporting provision.)

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1 minuteread by Gary Huddleston

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