What does Adjustment Provision mean? Read on to discover the definition & meaning of the term Adjustment Provision - to help you better understand the language used in insurance policies.
An adjustment provision is a clause in an insurance contract that allows changes to be made in the future. These changes can include adjusting premium amounts, altering coverage periods, or changing premium payment periods. Adjustment provisions are commonly used in life insurance policies but can also be used in other forms of insurance.
We hope the you have a better understanding of the meaning of Adjustment Provision.