What does Grievance Procedure mean? Read on to discover the definition & meaning of the term Grievance Procedure - to help you better understand the language used in insurance policies.
A grievance procedure is a process in which two or more parties attempt to resolve a dispute. In the context of insurance, grievance procedures often occur when a policyholder believes he or she is entitled to coverage for a specific loss, and the insurance company disagrees. Each state has its own laws regarding grievance procedures.
We hope the you have a better understanding of the meaning of Grievance Procedure.