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master policy

noun, Insurance.
1.
a single policy covering a group of people, typically employees of a company, issued to an employer.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for master policy
  • Health care coverage occurs under a master policy issued to the employer or other group.
  • There is no master policy record, the policy number alone cannot be used to apply updates.
  • In some cases, where coverage is provided under the master policy, you may still be responsible for the deductible.
  • The experience modifier does not follow the employer into the master policy.
  • Standard applied if there is a conflict between a master policy and certificate of insurance.
  • Commercial insurance liability coverage for these operations is available through a state master policy.
  • Eligible benefits being paid under a claim cannot be terminated if the master policy is terminated.

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