STANDARD POLICY WORDING
What the framework will procure. A workstream specification documenting what a Generative IP Loss (GIPL) standard policy wording must address, structured as a procurement contract for independent counsel rather than the wording itself.
What the wording must address
Coverage structure (first-party losses, third-party claims, defence costs). Trigger mechanism (claims-made vs occurrence). Exclusions and carve-outs. Policy limits and sub-limits. Reporting obligations. Integration with AI-IP risk scoring for premium calculation.
Operational guidance per section
Per-section guidance on how the policy wording interacts with framework features: Section 1 (insured operators) references CIP-Operator-ID; Section 3 (covered losses) references the eight-rights bundle; Section 6 (definitions) references the Glossary Layer A canonical terms.
Regulatory submission pathways
PRA considerations for UK insurers. Lloyd's syndicate submission requirements. State insurance commissioner filing requirements (US). The wording must be suitable for regulatory submission across the framework's target jurisdictions.
Procurement and counsel review
The wording itself ships as a separate artefact after independent counsel review. This page is the procurement specification — what the trustees will commission, not the final product.
CIP Standard Policy Wording Workstream Specification v3.21 (Path B expansion v3.23), https://creativeip.org/policy-wording