What Does Discretionary Authority Mean?

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

Discretionary Authority

Discretionary Authority

Discretionary authority is the power to be the sole interpreter of claims. It is granted to insurance companies by a provision in an insurance contract.

We hope the you have a better understanding of the meaning of Discretionary Authority.

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