Endorsement

MEDICAL,USA: 1. Provision in written form added to an insurance policy that alters its terms. It may also be in the form of a rider. A valid endorsement must be signed by an executive of the insurance company and attached to it as part of the policy. Also known as rider or amendment . 2. In licensure, the recognition by one jurisdiction of a license given by another jurisdiction, when the standards required by the licensing jurisdiction are equal or higher than those of the endorsing jurisdiction.
***
UK: A clause or memorandum added to a policy embodying some alteration to the terms of the policy.
***
A document that is attached to a slip, cover note or policy which evidences one or more changes in the terms of the insurance or reinsurance contract to which it refers.
***
A form that changes the provisions of the contract when attached to the policy.
***
Amendment to the policy used to add or delete coverage. Also referred to as a “rider.”
***
An amendment to a policy form. Endorsements can either add or remove coverage in a policy.
***
An endorsement is a written form attached to an insurance policy that alters the basic policy in some manner such as terms, conditions, or coverage.
***
US: An insurance policy form that either changes or adds to the provisions included in one or more other forms used to construct the policy, such as the declarations page or the coverage form. Insurance policy endorsements may serve any number of functions, including broadening the scope of coverage, limiting or restricting the scope of coverage, clarifying the application of coverage to some unique loss exposure, adding other parties as insureds, or adding locations to the policy. They often effect these changes by modifying the existing insuring agreement, policy definitions, exclusions, or conditions in the coverage form or adding additional information, such as insured locations, to the declarations page.
***
UK: any writing on a policy, in addition to the original wording, which changes the terms of the contract, or any rider additional to the main text.
***
Document attached to a Policy which modifies the Policy’s original terms. Endorsement overrides the more general provisions in the Policy itself. In a way endorsement is a written amendment affecting the declarations insuring agreements exclusions or conditions of an insurance policy. A Rider.

Leave a Reply

Your email address will not be published. Required fields are marked *