Policy Inception
/ˈpɒlɪsi ɪnˈsɛpʃən/
Definitions
- (n.) The date and time when an insurance policy becomes effective and coverage commences.
The policy inception date was noted as January 1, 2024, marking the start of coverage.
Forms
- policy inception
Related terms
See also
Commentary
Policy inception is critical for determining when liability and coverage begin under an insurance contract.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.