Conditional


Definition of "Conditional"

Phil "Dr. Phil" Hinesley
  Chanticleer Properties, LLC

Terms specifying obligations of an insured to keep a policy in force. For example, an insured must pay the premiums due; in life insurance, if death occurs, the beneficiary or the insured's estate must submit proof of death; if there is a property loss, the insured must submit proof of loss.



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