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.

Thank you for visiting our website and read this FAQ article about "What is the Definition of Void?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter