What is an out of sequence endorsement?
What is an out of sequence endorsement? An out of sequence endorsement is an endorsement with an effective date prior to the current coverage term. For example, the available coverage terms for a renewal policy are 7/1/2003-7/1/2004. This creates an out of sequence endorsement, as it is effective prior to the now current coverage term of 8/1/2003-7/1/2004. What is endorsement process in insurance? An insurance endorsement/rider is an amendment to an existing insurance contract that changes the terms of the original policy. An endorsement/rider can be issued at the time of purchase, mid-term or at renewal time. It can include...