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Open policy

   Also found in: Dictionary/thesaurus, Financial 0.04 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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But post-World-War-II's economic boom witnessed a much more open policy.
``We've always had an open policy for tours,'' he said, ``but this is the first formal outreach for people to come in.
Please do not change your wonderfully open policy of expression, which we have enjoyed and admired over the years.
 
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