Retroactive Restoration
Barron's Insurance Dictionary:
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Retroactive Restoration
reinstatement of an insurance policy or bond to its original face amount (face of policy) after the payment by the insurer of a loss. The purpose of this type of coverage is to indemnify the insured if, at a time period in the future, previous losses incurred by the insured are discovered.
| Retroactive Liability Insurance, Retroactive Date, Retro-Note Plan | |
| Retrocession, Retrocession Catastrophe Cover, Retrocessionaire |
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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