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What is an Extended Reporting Period (ERP)?

April 26, 2017ERP extended period

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What is an Extended Reporting Period (ERP)?

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An ERP extends the time period for which a claim can be reported. Terms of the ERP vary from one policy to the next. Liability does not cease because you are no longer practicing and as such an ERP is usually required in the following instances: • Death • Become permanently disabled • Permanently retires or ceases to practice. Please note that coverage under the ERP becomes null and void upon returning to practice.