What Does Bankruptcy Condition Mean?

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What does Bankruptcy Condition mean? Read on to discover the definition & meaning of the term Bankruptcy Condition - to help you better understand the language used in insurance policies.

Bankruptcy Condition

Bankruptcy Condition

A common insurance policy condition that prevents an insurer from being relieved of its obligations in the event of bankruptcy or insolvency of the insured or the insured's estate.

We hope the you have a better understanding of the meaning of Bankruptcy Condition.

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