Claims-made And Reported Policy,

How To Define Claims-made And Reported Policy?

  • Claims-made And Reported Policy means: A type of non-life insurance policy in which a claim must be filed against the policyholder and the insurer must be notified during the term of the insurance so that the insurance is applicable. Reported claims and policies are not profitable from the policyholder's point of view because if a claim is made at the end of the insurance period, it is sometimes difficult to report the claim to the insurer during the insurance period. However, more liberal versions of claims and policies offer a post-policy window that allows the policyholder to report the claim to the insurance company within 30 to 60 days of the expiration of the policy.

Literal Meanings of Claims-made And Reported Policy

Claims:

Meanings of Claims:
  1. Explain or acknowledge that something happened, usually without any evidence or proof.

  2. Request or formally claim that you have won or won (some)

  3. Causing harm to (someone's life)

  4. Confirm if anything is true.

  5. A request or request for something that is considered worthy of consideration.

Sentences of Claims
  1. The prime minister said he was worried about third world debt.

  2. If one does not claim these items, they become the property of the Crown Prince.

  3. Five people were killed in the attack.

  4. Followed alleged CIA contacts.

  5. The court rejected your asylum application.

Synonyms of Claims

assertion, hold, declare, take, state, request, avowal, declaration, lay claim to, aver, attest, assert ownership of, insist, affirm, profession, averment, application, maintain, profess, protest

Made:

Meanings of Made:
  1. Part of the past and part of the past.

  2. Produced or printed in a specific place or by a specific process.

Sentences of Made
  1. Japanese camera.

And:

Meanings of And:
  1. A boolean operator that returns one and only if all operations are the same and otherwise zero.

  2. It is used to combine words from a speech, a clause or a single part of a sentence that needs to be put together.

  3. Used to introduce additional comments or interventions.

  4. It is used to indicate intention after some verb and before another verb, not "

Sentences of And
  1. If he had to make a decision, and it was the worst, he would turn away from his parents.

Synonyms of And

coupled with, too, not to mention, as well as, added to, including, in addition to, and, with, also, along with, besides, together with

Reported:

Meanings of Reported:
  1. Officially or officially announced or explained.

Sentences of Reported
  1. Increase in reported crimes

Policy:

Meanings of Policy:
  1. A mechanism of action adopted or proposed by a government, political party, company or individual.

  2. Illegal lottery or number game.

Sentences of Policy
  1. Controversial economic policy management

Synonyms of Policy

system, scheme, line, guidelines, plans, position, approach, intentions, stratagem, programme, theory, attitude, strategy, notions, stance, schedule, blueprint, proposed action, code

Claims-made And Reported Policy,

How To Define Claims-made And Reported Policy?

  • Meaning of Claims-made And Reported Policy: A type of non-life insurance policy where the applicable coverage must be insured against the loss during the insurance contract and reported to the insurer. Reported claims and policies are not profitable from the policyholder's point of view as it is sometimes difficult to report the claim to the insurer during the policy if the claim is pending. However, long reporting and non-loss versions of the policy offer a post-policy window that allows the policyholder to report the claim to the insurer within 30 to 60 days of the policy expiring.

Literal Meanings of Claims-made And Reported Policy

Claims:

Meanings of Claims:
  1. An allegation or claim that something has happened, usually without providing any evidence or proof.

  2. Formally ask or demand that someone wins (something) or wins.

  3. To harm (someone)

Synonyms of Claims

contention, demand, contend, representation, allegation, avouch, submission, cause/result in the loss of, submit, argue, asseveration, affirmation, asseverate, pretend to, pretence, case, allege, formally request, represent, move

Made:

Meanings of Made:
  1. The past and the present of C.

  2. It is done in a special place or in a special way.

  3. Make (something) by putting the pieces together or mixing the ingredients to make it.

  4. Arrive (somewhere) or on board (by train or other means of transportation) within a specified time.

  5. Persuade (someone) to have sex with one.

  6. (Bridge, Whistle, etc.) Win (one round).

  7. (Tide) begins to erupt or decrease.

Sentences of Made
  1. The drops deepened the floor.

  2. Buy me brandy and give me water

  3. Make a lot of money with content

  4. We have a lot to do during your journey.

Synonyms of Made

play the part of, bulldoze, do duty for, take (in), secure, require, realize, mould, hector, put together, prevail on, fabricate, bludgeon, strong-arm, build, dragoon, take home, have someone do something, form, pressurize, reach, drive, obtain

And:

Meanings of And:
  1. It is used to connect the words of the same part of the speech, clause or sentence that need to be put together.

  2. A boolean operator that returns one if and only if all operators are one and the other is zero.

Synonyms of And

plus, what's more, moreover, furthermore

Reported:

Meanings of Reported:
  1. Officially or formally announced or explained.

  2. Report ■■■■■■ or in writing anything that has been observed, heard, done or learned.

Sentences of Reported
  1. Report to the Committee Chairman

Synonyms of Reported

blazon, describe, disclose, divulge, set out, post, appear, circulate, broadcast, turn up, tell of, herald, chronicle, announce oneself, make oneself known, come, make public, pass on, present oneself, proclaim, promulgate, set forth, punch in, arrive, publish

Policy:

Sentences of Policy
  1. The government's controversial economic policy

Synonyms of Policy

custom, wont, matter of course, style, practice, procedure, routine, way, rule, pattern, mode, convention, tack