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Term of the Day
BusinessDictionary.com
automatic reinstatement clause
Definition
Provision
in a
property insurance
policy
under which (after
payment
of a
claim
) the policy is restored to the full
original
amount
of
coverage
.
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Nearby Terms
automatic investment plan
automatic merchandising
automatic non proportional reinsurance
automatic payments
automatic premium loan clause
automatic proportional reinsurance
automatic reinstatement clause
automatic reinsurance
automatic reinvestment plan
automatic renewal clause
automatic stay
automatic transfer of funds
automatic withdrawal
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