Reformation (of An Insurance Policy)

Reformation (of An Insurance Policy),

Reformation (of An Insurance Policy) Meanings:

  1. Reformation (of An Insurance Policy) refers to If the applicable insurance policy does not fully or accurately state the agreement between the insurers and the insurers due to fraud, violence or mutual error, the facility is available to the insurers. In such cases, if the policy does not properly express the intentions of the parties, the court may amend the policy to reflect the true nature of the agreement between the parties. For example, when applying for professional compensation insurance, if an advisor underestimates its annual income significantly, the insurance company may more accurately reflect the advisor's income by revising the insurance policy and This allows the insurer to pay higher premiums.

Literal Meanings of Reformation (of An Insurance Policy)

Reformation:

Meanings of Reformation:
  1. The process or process of reforming an institution or process.

  2. The 16th-century Reform Movement for Abuse in the Roman Catholic Church, which ended with the Protestant and Reformed Churches.

Sentences of Reformation
  1. Senate reforms

Synonyms of Reformation

complete shift, conversion, innovation, breakaway, radical alteration, sea change, metamorphosis, dramatic change, drastic alteration, radical change, transformation

Of:

Meanings of Of:
  1. It shows the relationship between the part and the whole.

  2. Indicates the relationship between scale or size and value.

  3. Refers to the relationship between two organizations, usually the organization of the association.

  4. It shows the relationship between the address and the reference point.

  5. It represents the relationship between a general type or type and a particular object belonging to that category.

  6. After a noun that comes from or is related to a verb.

  7. Identify the component or substance that makes the difference.

  8. Express the hour for the next hour.

Sentences of Of
  1. 5% increase

  2. North of Chicago

  3. Nice to meet you

  4. In New York, only a quarter to three

Synonyms of Of

done by, of, in, carried out by, by, made by, from, caused by

An:

Meanings of An:
  1. Indefinite subject is used before words starting with the head.

  2. Andaman and Nicobar Islands.

Insurance:

Meanings of Insurance:
  1. The process or arrangement in which a company or government agency guarantees compensation for some loss, injury, illness or death in exchange for premium payments.

  2. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. Adherence to high standards of personal conduct is the best protection against personal problems.

Synonyms of Insurance

immunity, safeguard, preventive measure, safety measure, indemnity, precaution, surety, shelter, cover, protection, financial protection, security, provision, defence, indemnification

Policy:

Meanings of Policy:
  1. Adopted or proposed by the government, political party, company or individual in accordance with the Code of Conduct.

  2. Illegal lottery or numbers game.

Sentences of Policy
  1. Controversial economic policy management

Synonyms of Policy

programme, code, position, guidelines, approach, stratagem, notions, scheme, attitude, system, stance, proposed action, line, strategy, plans, intentions, theory, blueprint, schedule