What does Master Contract mean? Read on to discover the definition & meaning of the term Master Contract - to help you better understand the language used in insurance policies.
Issued to the employer under a group insurance plan, and containing all the insuring clauses which define employee benefits. Individual employees participating in the group plan receive individual "certificates," which seldom repeat all the insuring clauses contained in the master policy.
We hope the you have a better understanding of the meaning of Master Contract.