FULL-REPORTING CLAUSE

full-reporting clause. 1.Insurance. An insurance-policy clause that requires the insured to

reveal values and that penalizes the insured if the insured revealed less than required in the policy

application. — Also termed honesty clause. [Cases: Insurance 2169.] 2. An insurance-policy

clause providing that the indemnity will not exceed the proportion of the loss that the last reported

value bears to the actual value.FULL-REPORTING CLAUSE[Blacks Law 8th]