conversion privilege

Conversion Privilege

1. In insurance, a policy in which both the premiums and the coverage are guaranteed for a certain number of years, regardless of the health of the insured person. This privilege is operative as long as premiums are paid on time. The insurer may only increase the premium if premiums are increased to the whole class of policyholders.

2. The right of a policyholder to convert a group policy to an individual policy without a health examination. This right is usually exercised after the termination of employment, and the premium is determined by the policyholder's attained age.

conversion privilege

See exchange privilege.

单词	conversion privilege
释义	conversion privilege Conversion Privilege 1. In insurance, a policy in which both the premiums and the coverage are guaranteed for a certain number of years, regardless of the health of the insured person. This privilege is operative as long as premiums are paid on time. The insurer may only increase the premium if premiums are increased to the whole class of policyholders. 2. The right of a policyholder to convert a group policy to an individual policy without a health examination. This right is usually exercised after the termination of employment, and the premium is determined by the policyholder's attained age. conversion privilege See exchange privilege.
随便看	rashashan rashawn brazell memorial fund rashba spin-orbit coupling rashba spin-orbit interaction rashbi rasheed wallace rasher rashers rashes rashest rashet, vladimir rashet, vladimir karlovich rashful rashguard rash hasana rashi rashid rashid abd alhamid karami rashid ad-din rashid al-din rashid, egypt rashid, el rashid geotechnical and materials engineers rashid hussain berhad rashid madzhid ogly beibutov