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Open policy
(redirected from Open Insurance Policy)

   Also found in: Dictionary/thesaurus, Financial 0.01 sec.

OPEN POLICY. An open policy is one in which the amount of the interest of the insured is not fixed by the policy, and is to be ascertained in case of loss. Vide Policy.



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Moreover federal government has geared up Open Insurance Policy and remuneration would also be paid to the farmers.
By recording the $582,000, the Company has recorded its maximum liability for all open insurance policy periods with its former workers' compensation carrier.
 
 
 
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