ALL meanings of open policy
o·pen pol·i·cy
O o - noun open policy a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values. 1
- noun open policy an insurance policy in which the amount payable in the event of a claim is settled after the loss or damage has occurred 0
- noun open policy In marine insurance, an open policy is insurance for particular goods in which claims are settled on an ongoing basis after the loss or damage has occurred. 0