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Expiry date for insurance policy?

Posted: Tue Apr 28, 2009 6:09 pm
by Navi
Dear friends,
We were presented an insurance policy stating:
Beginning date: 18.04.2009
Expiry date: 01.06.2009
.
No further details/explanations for expiry date. What is the meaning of that date? Is the document acceptable?

regards

Para 175

Posted: Wed Apr 29, 2009 9:26 am
by Judith
Para 175 of ISBP indicates that an insurance document that incorporates an expiry date must clearly indicate what that expiry date refers to. Does it refer to the latest date of loading of goods? (If yes, the document is acceptable.) Does it refer to the latest date for presentation of any claims there under? (This is not acceptable.)

In the case indicated by you, since the meaning of the expiry date is not mentioned, this may be a discrepancy.

date of commencement

Posted: Wed Apr 29, 2009 7:30 pm
by shahriar
date of beginning or commencement is very common in insurance document. however i havent seen one with expiry date. i agree with the answer.