What is The Definition of Liberalization Clause?
A clause that provides people with insurance coverage under a specific policy with extended coverage features that may be introduced in later editions of this policy form. In general liability insurance, a clause stipulates that the coverage of insurance is as wide as the primary liability provided in the insurance.
Meaning of Liberalization Clause: In loss insurance, these are the terms of the policy under which the policy is automatically renewed if the insurance company issues a new policy to another policyholder who offers better insurance coverage for the same premium.
Property insurance property that promises to change the shape of any business in the future that will increase coverage without changing the premium will automatically apply under the current policy.
Meaning of Liberalization Clause: A clause relating to a specific policy (such as owner) stipulates that if endorsement is approved during the policy term or if a deposit or settlement is made at an additional cost If the outgoing coverage does not increase, or is likely to increase further, automatically apply to the existing policy without adding the relevant clause or clauses. Once the renewal terms are approved, it eliminates the need to issue thousands of confirmations of existing policies. On the other hand, deposits or withdrawals made after the commencement of an insurance policy that limit or limit the coverage actually provided may not apply to this policy during this period. However, there is an exception to this rule if later premium payments for policies of the deferred premium plan (see Resources later) may be subject to an impact on the payment date or an increase in the premium. This refund will also be reflected in the reduced fees or premiums.
An insurance policy provision that extends coverage if the insurance company offers some form of broader coverage within the first 45 days of coverage.
Literal Meanings of Liberalization Clause
Meanings of Liberalization:
Banning or relaxing something, usually the economic or political system.
Sentences of Liberalization
Government economic liberalization policy
Meanings of Clause:
The grammatical organizational unit, which is located directly below the sentence in the line, must include an essay and a preposition in traditional grammar.
Articles, terms or conditions are specific and separate from an agreement, bill or agreement.
Sentences of Clause
Of the above sentences, the two sentences are connected by several sentences without connecting words.
Agreements usually contain a provision of an electoral law that determines the applicable law.
Synonyms of Clause
article, phrasal verb, phrasal idiom, section, group of words, wording, note, turn of phrase, construction, paragraph, expression, word group, point, locution, subsection, idiom, idiomatic expression, clause, term, heading, set phrase, item, part, passage