What Does Commencement Date Mean?
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
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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