What is ADJUSTMENT PROVISION?

An agreement by an insured and insurer allowing changes within a policy to increse or decrease the payment or value, or to lengthen or shorten the length of protection aforded by the policy.

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Related Legal Terms
CANCELLATION PROVISION CLAUSE, OWNERSHIP PROVISION, ADJUSTMENT INCOME, CO-PAY PROVISION, CHANGE OF BENEFICIARY PROVISION, UNPAID PREMIUM PROVISION, STRUCTURAL ADJUSTMENT, FREEZE-OUT PROVISION, ADJUSTMENT, TAG ALONG PROVISION


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