{
  "id": "clause-extended-expiration-run-off",
  "type": "clause",
  "languages": {
    "en": {
      "id": "clause-extended-expiration-run-off",
      "lang": "en",
      "type": "clause",
      "title": "Extended Expiration / Run-off Clause",
      "shortDefinition": "The extended expiration or run-off clause ensures that losses arising from events occurring during the treaty period can still be settled under the treaty after its expiry.",
      "synonyms": [
        "Run-off clause"
      ],
      "linesOfBusiness": [
        "Reinsurance"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Reinsurance",
        "Contract termination"
      ],
      "relations": {
        "relatedTerms": [
          "term-treaty-reinsurance",
          "clause-sunset-clause",
          "term-loss-portfolio-transfer"
        ],
        "partOf": [],
        "appliesTo": [
          "term-treaty-reinsurance"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": {
        "kind": "termination",
        "origin": "reinsurance-market",
        "favours": "insured",
        "negotiability": "standard",
        "standardWordings": []
      },
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-09-03",
      "generated": {
        "by": "cursor-agent/claude-sonnet-5",
        "at": "2026-09-03T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/en/knowledge/clause/extended-expiration-run-off-clause/",
      "alternateUrl": "https://hgh.ch/lexikon/de/wissen/klausel/extended-expiration-run-off-klausel/",
      "body": "## Purpose\n\nReinsurance treaties typically run for one year, yet losses from events occurring within that year are sometimes only finally settled months or years later. The run-off clause makes clear that such late-developing losses continue to be handled under the terms of the original treaty, even after it has expired or been replaced by a successor treaty.\n\n## Effect and limits\n\nThe clause applies only to losses from events occurring within the treaty period (\"losses occurring\" basis); it does not extend the period of cover itself, only the settlement window. Its significance is smaller under claims-made treaties, where the claim must already be notified during the period.\n\n## Negotiation and practice\n\nTogether with the sunset clause, a deadline is usually agreed after which late-developing losses are no longer accepted – the two clauses sit in tension between legal certainty for the reinsurer and full protection for the cedent."
    },
    "de": {
      "id": "clause-extended-expiration-run-off",
      "lang": "de",
      "type": "clause",
      "title": "Extended Expiration / Run-off-Klausel",
      "shortDefinition": "Die Extended-Expiration- oder Run-off-Klausel stellt sicher, dass Schäden aus während der Vertragslaufzeit eintretenden Ereignissen auch nach Vertragsende noch unter dem Vertrag abgewickelt werden können.",
      "synonyms": [
        "Run-off-Klausel"
      ],
      "linesOfBusiness": [
        "Rückversicherung"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Rückversicherung",
        "Vertragsbeendigung"
      ],
      "relations": {
        "relatedTerms": [
          "term-treaty-reinsurance",
          "clause-sunset-clause",
          "term-loss-portfolio-transfer"
        ],
        "partOf": [],
        "appliesTo": [
          "term-treaty-reinsurance"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": {
        "kind": "termination",
        "origin": "reinsurance-market",
        "favours": "insured",
        "negotiability": "standard",
        "standardWordings": []
      },
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-09-03",
      "generated": {
        "by": "cursor-agent/claude-sonnet-5",
        "at": "2026-09-03T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/de/wissen/klausel/extended-expiration-run-off-klausel/",
      "alternateUrl": "https://hgh.ch/lexikon/en/knowledge/clause/extended-expiration-run-off-clause/",
      "body": "## Zweck\n\nRückversicherungsverträge laufen typischerweise ein Jahr; Schäden aus Ereignissen dieses Jahres werden aber teils erst Monate oder Jahre später abschliessend reguliert. Die Run-off-Klausel stellt klar, dass solche Spätschäden weiterhin nach den Bedingungen des ursprünglichen Vertrags behandelt werden, auch wenn dieser bereits abgelaufen oder durch einen Nachfolgevertrag ersetzt ist.\n\n## Wirkung und Grenzen\n\nDie Klausel betrifft ausschliesslich Schäden aus Ereignissen innerhalb der Vertragslaufzeit («losses occurring» während der Deckungsperiode); sie verlängert nicht die Deckungsperiode selbst, sondern nur die Abwicklungsfrist. Bei Claims-made-Basis ist ihre Bedeutung geringer, da dort der Anspruch bereits während der Laufzeit gemeldet werden muss.\n\n## Verhandlung und Praxis\n\nZusammen mit der Sunset-Klausel wird meist eine Frist vereinbart, nach der Spätschäden nicht mehr angenommen werden – die beiden Klauseln stehen in einem Spannungsverhältnis zwischen Rechtssicherheit für den Rückversicherer und vollständigem Schutz für den Zedenten."
    }
  }
}