The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NONFORFEITURE CLAUSE Definition & Legal Meaning

Definition & Citations:

A clause in an insurance that allows for a partial or complete receipt of benefit, or a partial refund in the event that the insured ceases payment of the premiums due on a policy, causing a policy lapse. Usually, this clause is only in effect for a certain period of time or comes into effect after a certain period of time has lapsed.


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