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What is an extended reporting period endorsement (“tail”)?
“Tail” coverage, or an extended reporting period endorsement, extends the time period after your termination effective date during which you are allowed to report claims that arise from incidents occurring while the policy was in force. With OMIC, as with many carriers, the time period may be extended to perpetuity.
For more information, refer to the Tails (Extended Reporting Period) section of OMIC Coverage for Practice – Q&A.
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