Definition of "Conversion"

Catherine Seress real estate agent
Catherine Seress, Real Estate Agent Keller Williams on the Water

  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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