Glossary entry

English term or phrase:

modified occurrence

Polish translation:

ubezpieczenie od szkód powstałych w okresie ubezpieczenia z wydłużonym terminem zgłaszania szkód /polisa modyfikowana z [...]

Added to glossary by mike23
Jun 24, 2014 08:40
9 yrs ago
2 viewers *
English term

modified occurrence

English to Polish Law/Patents Insurance
Commercial General Liability insurance, written on an occurrence policy form (“modified occurrence” and “claims-made” are not acceptable), including premises-operations (including explosion, collapse and underground coverage) and products-completed operations coverage, with limits of not less than $1,000,000 bodily injury and property damage per occurrence limit, $1,000,000 general aggregate limit (with a “per project” endorsement specifying the Project), $1,000,000 personal injury and advertising limit, and $1,000,000 products-completed operations aggregate limit, and with deductibles or self-insured retentions acceptable to Purchaser.
Change log

Jun 26, 2014 11:15: mike23 changed "Edited KOG entry" from "<a href="/profile/1239073">margomal's</a> old entry - "modified occurrence"" to ""ubezpieczenie od szkód powstałych w okresie ubezpieczenia z wydłużonym terminem zgłoszenia szkody""

Discussion

mike23 Jun 24, 2014:
A modified occurrence or claims-made with prepaid reporting endorsement combine the best features of both occurrence and claims-made coverages. Coverage is provided for the services rendered during the policy period. The cost of the extended claim reporting endorsement is included in the premium paid each year the policy is in force.
https://www.psychprogram.com/coverage/claims-made-versus-occ...

Modified Occurrence Policies
combine aspects of claims-made and occurrence policies. Coverage is provided on a claims-made basis with an included ERP Extended Reporting Period (ERP or Tail). The ERP generally applies for a limited time after expiration of the last policy issued. This is typically a period of seven years. At the end of the included ERP, the insured may then be given the option of buying an unlimited ERP.
http://www.actuary.org/pdf/casualty/medmal_fact_march08.pdf
http://www.proz.com/kudoz/polish_to_english/law_contracts/35...
http://www.proz.com/kudoz/english_to_polish/law_patents/4602...
http://www.proz.com/kudoz/english_to_polish/bus_financial/60...

Proposed translations

13 hrs
Selected

ubezpieczenie od szkód powstałych w okresie ubezpieczenia z wydłużonym terminem zgłoszenia szkody

ubezpieczenie od szkód powstałych w okresie ubezpieczenia z wydłużonym (z góry opłaconym) terminem zgłoszenia szkody

ubezpieczenie od szkód powstałych/zaistniałych w okresie ubezpieczenia z wydłużonym (opłacanym w składkach) okresem na zgłaszanie szkód

http://www.proz.com/kudoz/polish_to_english/law_contracts/35...

A modified occurrence or claims-made with prepaid reporting endorsement combine the best features of both occurrence and claims-made coverages. Coverage is provided for the services rendered during the policy period. The cost of the extended claim reporting endorsement is included in the premium paid each year the policy is in force.
https://www.psychprogram.com/coverage/claims-made-versus-occ...

Modified Occurrence Policies
combine aspects of claims-made and occurrence policies. Coverage is provided on a claims-made basis with an included ERP Extended Reporting Period (ERP or Tail). The ERP generally applies for a limited time after expiration of the last policy issued. This is typically a period of seven years. At the end of the included ERP, the insured may then be given the option of buying an unlimited ERP.
http://www.actuary.org/pdf/casualty/medmal_fact_march08.pdf

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Note added at 1 day20 hrs (2014-06-26 05:37:20 GMT)
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Krócej: polisa modyfikowana z wydłużonym terminem zgłaszania szkód
http://www.gu.com.pl/index.php?option=com_content&view=artic...
http://prawo.rp.pl/artykul/1110882.html
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4 KudoZ points awarded for this answer. Comment: "Dziękuję"
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