What Does Errors and Omissions Clause Mean?

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

Errors and Omissions Clause

Errors and Omissions Clause

A provision, usually in an obligatory reinsurance treaty, stating that an error or omission in reporting a risk that falls within the automatic reinsurance coverage under such treaty shall not invalidate the liability of the reinsurer on such omitted risk.

We hope the you have a better understanding of the meaning of Errors and Omissions Clause.

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