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Glossary
[ a b c d e f g h i j l m n o p q r s t u v w ]- WAIVER
- (1) A rider waiving (excluding) liability for a stated cause of accident or (especially) sickness.
(2) A provision or rider agreeing to waive (forego) premium payment during a period of disability.
(3) The giving up or surrender of a right or privilege that is known to exist. It may be effected by the agent, adjuster, or insurance company employee or official orally or in writing.
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