What Does Continuous Contract Mean?

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

Continuous Contract

Continuous Contract

A form of reinsurance contract for accepting new business that does not terminate automatically but rather is intended to continue from year to year unless one of the parties delivers notice of intent to discontinue or termination is mutually agreed to in accordance with the termination provisions of the contract.

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

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