How is Policies in Force defined in a legal contract?
- Policies in Force means the count of active vehicle insurance policies within a specific time frame, considered as ""experience period"". Seen in 4 SEC filings
- Policies in Force means the policies recorded on the books of an [insurer] that haven't expired as of a specific [date]. Seen in 3 SEC filings
- Policies in Force means the number of active policies providing coverage as at either the calculation or assessment [date]. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of policies in force' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Policies in Force means the number of active insurance policies at a specified [date].
Relevant Contract Types
Relevant Circumstances
- Renewing insurance policies
- Assessing risk for underwriting
- Purchasing reinsurance
- Developing a risk management strategy
Relevant Sectors
Genie Definition 2
Policies in Force means active insurance policies recorded on an [insurer]'s books at a specific [date].
Relevant Contract Types
Relevant Circumstances
- Planning a financial audit
- Managing liability exposure
- Reviewing underwriting processes
Relevant Sectors
Policies in Force means the number of active insurance policies at a specified [date].
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