A reinsurance clause is a clause in an insurance policy that states that the insurer continues to be liable for claims caused by wrongdoing under an expired or canceled policy for a specified period of time. For example, consider a policy written from January 1, 2015-2016, with an expiration date and a 5-year second term condition. In this situation, coverage will apply in accordance with the supplementary provision to all claims arising from misconduct committed during the policy period from January 1, 2015 (5 years immediately after the policy expires from January 1, 2015-2016) . Although the repeat provisions function similarly to the extended reporting period (ERP) provisions, there are several differences between them. Firstly, ERPs are usually only for 1 year, while additional provisions usually cover multi-year periods, often up to 5 years. Second, while ERPs are most commonly purchased when an insured moves from one claims insurer to another, additional provisions are typically used when one insured is acquired by or merged with another. In such cases, the acquiree purchases an additional provision that covers claims of misconduct that occurred prior to the acquisition but are brought against the acquiree after the acquisition.