What does Legal Purpose mean? Read on to discover the definition & meaning of the term Legal Purpose - to help you better understand the language used in insurance policies.
Legal purpose is an insurance principle according to which insurance contracts that insure something illegal or involves illegal conditions are not valid. For example, a liability insurance policy for a bank robbery company would not be valid. None of the claims filed would be legally enforceable.
We hope the you have a better understanding of the meaning of Legal Purpose.