What Does Conditional Contract Mean?

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

Conditional Contract

Conditional Contract

Characteristic of an insurance contract in that the payment of benefits is dependent on or a condition of the occurrence of the risk insured against.

We hope the you have a better understanding of the meaning of Conditional Contract.

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