What Does Commencement Date Mean?

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What does Commencement Date mean? Read on to discover the definition & meaning of the term Commencement Date - to help you better understand the language used in insurance policies.

Commencement Date

Commencement Date

date when the organization first became obligated for any insurance risk via the issuance of policies and/or entering into a reinsurance agreement. Same as "effective date" of coverage.

We hope the you have a better understanding of the meaning of Commencement Date.

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