Uniform Provisions

Definition of "Uniform provisions"

Julez  Ann real estate agent
Julez Ann, Real Estate Agent JP & Associates

Language adopted by the national association of insurance commissioners (naic) and recommended or required by state law. While they rarely dictate the language of policies, states often prescribe mandatory or optional policy minimums, or may forbid certain provisions. Therefore, while life and health benefits may vary widely, for example, policyholders are given certain uniform rights, like grace periods for paying premiums and loan and surrender values.


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