Definition of "Conversion"

Dawn Szczygiel real estate agent
Dawn Szczygiel, Real Estate Agent EXP Realty

  1. tort against another person's property, designed to detain or dispose of it in a wrongful manner. For example, wrongful selling of another person's automobile without permission would qualify as an act of conversion.
  2. in group life and health insurance, a provision that allows a certificate holder to convert group coverage to an individual policy under specified conditions.
 

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