What does Newly Acquired Entities mean? Read on to discover the definition & meaning of the term Newly Acquired Entities - to help you better understand the language used in insurance policies.
Newly Acquired Entities
Entities an insured purchases during the policy period. Many liability insurance policies automatically define such entities as insureds for a specified number of days (e.g., 30, 60, or 90 days) or until the end of the policy period, whichever comes first.
We hope the you have a better understanding of the meaning of Newly Acquired Entities.