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policy conditions

Policy conditions are found is an insurance policy and identify the general requirements of an insured and the insurer on matters such as loss reporting and settlement, property valuation, other insurance, subrogation rights, and cancellation and nonrenewal.

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The policy conditions are usually stipulated in the coverage form of the insurance policy.



Related Terms

A coverage form is one of the primary standardized insurance forms used to construct an insurance...

An insurance policy, in broad terms, is the entire printed insurance contract.