What Does Minimum Standards Mean?
What does Minimum Standards mean? Read on to discover the definition & meaning of the term Minimum Standards - to help you better understand the language used in insurance policies.
Minimum Standards
Minimum standards are the basic criteria of eligibility for insurance coverage as well as the standard coverage the insurer must provide the insured as prescribed by industry regulations.
We hope the you have a better understanding of the meaning of Minimum Standards.
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