What is the Definition of Void?

What is the Definition of Void?

A policy contract that for some reason specified in the policy becomes free of all legal effect. One example under which a policy could be voided is when information a policyholder provided is proven untrue.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Void?

You can find random definition and meaning of insurance terms below:


What is the meaning of Group Credit – Life

contracts sold in connection with loan/credit transactions or other credit transactions, which do not exceed a stated duration and/or amount and provide insurance protection against death.


What is the meaning of Group Health Organizations – Health Maintenance (HMO)

a plan under which an enrollee pays a membership fixed fee in advance in return for a wide range of comprehensive health care services with the HMO's approved providers in a designated service area.


What is the meaning of Guaranty Fund

funding mechanism employed by states to provide funds to cover policyholder obligations of insolvent reporting entities.


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