conversion of insurance policy


conversion of insurance policy
The surrender of a life insurance policy to the insurer in exchange for another policy pursuant to a right or privilege provided the insured in the original policy. 29 Am J2d Ins § 367. See exchange of policy.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Conversion Privilege — An insurance policy in which the insurer is required to renew or update the policy regardless of the insured s health. An insurance policy with this type of provision allows the insured to switch to a different type of policy without submitting… …   Investment dictionary

  • exchange of policy — The substitution of one policy for another accomplished by the agreement of the insurer and insured or pursuant to a policy provision. Baine v Continental Assur. Co. 21 Cal 2d 1, 129 P2d 396, 142 ALR 1253. See conversion of insurance policy …   Ballentine's law dictionary

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

  • Self-Build Insurance — An insurance policy that provides coverage during the construction of a new home, additional structure, renovation or conversion. Self build insurance provides financial compensation for setbacks and problems that may occur during the project,… …   Investment dictionary

  • Ontario electricity policy — refers to plans, legislation, incentives, guidelines, and policy processes put in place by the Government of the Province of Ontario, Canada, to address issues of electricity production, distribution, and consumption. Policymaking in the… …   Wikipedia

  • Monetary policy of the United States — Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account Money market account Certificate of deposit …   Wikipedia

  • convertible term insurance — Term insurance with a conversion privilege under which the insured may convert the policy to ordinary life, endowment, or other form of life insurance written by the insurer, without an additional medical examination …   Ballentine's law dictionary

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • Buy term and invest the difference — Buying term and investing the difference is a concept involving term life insurance and investment strategies that allow individuals to eventually Self Insure and provides an alternative to permanent life insurance. Generally speaking term… …   Wikipedia

  • Risk Management Information Systems — (RMIS) are typically computerized systems that assist in consolidating property values, claims, policy, and exposure information and provide the tracking and management reporting capabilities to enable you to monitor and control your overall cost …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.