master policy

American  

noun

Insurance.

1. a single policy covering a group of people, typically employees of a company, issued to an employer.

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Example Sentences

But in every association’s master policy, there is a deductible that the association has to pay.

From Washington Post

When damage occurs, the master policy usually covers certain repair costs.

From Washington Post

Every condominium association has insurance coverage, typically called the “master policy.”

From Washington Post

And the law is not limited to plumbing problems; any incident that occurs in the unit that triggers payment by the master policy is covered under that law.

From Washington Post

A master policy is typically issued in the country where a company is headquartered, while affiliates often need coverage in other countries that impose varying rules, documentation, and payment terms.

From Reuters