What Does By-law Mean?

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

By-law

By-law

A by-law is a law, rule, or regulation established by a corporation, local government, or another type of organization. In the context of insurance, some by-laws may affect the worth of insurance claims. Therefore, many insurers offer by-law endorsements as a way for policyholders to protect themselves against by-law risks.

We hope the you have a better understanding of the meaning of By-law.

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