Flag examined, reportedly, then put out
I believe the answer is:
red cross
'flag' is the definition.
(I've seen this before)
'examined reportedly then put out' is the wordplay.
'examined' becomes 'read' (I've seen this before).
'reportedly' indicates a 'sounds like' (homophone) clue.
'then' says to put letters next to each other.
'put out' becomes 'cross' (I've seen this before**).
'read' is a homophone of 'red'.
'red'+'cross'='RED-CROSS'
(Other definitions for red cross that I've seen before include "International organisation for care of wounded in war" , "organisation offering aid" , "flag" , "that brings relief!" , "International organization that cares for victims of war" .)