Policy Structure
Reporting Endorsement
A policy modification that changes the requirements for when and how claims must be reported to the carrier. Reporting endorsements may extend reporting deadlines, add electronic reporting options, or modify the definition of what constitutes a reportable claim or circumstance. In claims-made policies, the reporting requirements are fundamental to coverage — failing to report within the required timeframe can result in complete loss of coverage for that claim.
Related terms
Claims-Made PolicyA type of insurance policy that provides coverage only when a claim is first reported to the insurer...Extended Reporting PeriodA provision in a claims-made policy that extends the time during which claims can be reported after ...Notice of CircumstancesA formal notification provided by the insured to the insurance carrier advising of facts or circumst...