What Does Facility-of-Payment Provision Mean?

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

Facility-of-Payment Provision

Facility-of-Payment Provision

Clause permitted under a uniform health insurance policy provision allowing the company to pay up to $1,000 of benefits or proceeds to any relative appearing entitled to it if there is no beneficiary or if the insured or beneficiary is a minor or legally incompetent.

We hope the you have a better understanding of the meaning of Facility-of-Payment Provision.

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