Skip Navigation Links IRMI Online > Glossary of Insurance & Risk Management Terms > Terms > B > bilateral extended reporting period provision
Warning! You are currently not signed in. Any products you have purchased will not be displayed until you Sign In

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.)


Links for IRMI Online Subscribers Only: PLI XIV.E

Navigation

Social Media