Definitions for "master policy"
An insurance policy issued to an employer or trustee, establishing a group insurance plan.
An original, complete insurance policy contract that is issued by an insurer with the understanding that certificates of insurance or underlying policies will be issued to others; for example, a master group health policy is issued to an employer while certificates are given to the employees. A master policy and underlying policies may be issued to a property owner to comply with requirements of a mortgage holder.
The practice of combining several locations or operations under coverage provided by a single insurance policy.
Keywords:  contract, see
See Master Contract