What does Conditions mean? Read on to discover the definition & meaning of the term Conditions - to help you better understand the language used in insurance policies.
A section in an insurance contract that lists the duties and responsibilities of both the insured and insurer. A condition (1) invests or divests the rights and duties of the parties to the contract, or (2) stipulates that the occurrence or nonoccurrence of a certain event creates or terminates a contract.
We hope the you have a better understanding of the meaning of Conditions.