A clause that allows the policy to be changed by increasing or decreasing the premium or face amount. Also can be changed by extending or decreasing the duration of protection or premiums.
Related information about adjustment provision:
- Adjustment Provision Definition | Investopedia
A provision in a life insurance policy that allows the policy to be changed in one or more ways. This may involve increases or decreases to either the policy's ...
- What is adjustment provision? definition and meaning
Definition of adjustment provision: A stipulation in a policy that permits changes to the policy, which are then executed by increasing or decreasing the premium ...
- What is ADJUSTMENT PROVISION? - The Law Dictionary
Definition of ADJUSTMENT PROVISION: An agreement by an insured and insurer allowing changes within a policy to increse or decrease the payment or value, ...
- Adjustment Provision - Financial Dictionary - The Free Dictionary
A life insurance policy in which the policyholder has the ability to change the death benefit, premium, the term of the policy, or the frequency with which ...
- NATIONAL COST ADJUSTMENT PROVISION EDITION 2 [NCAP2]
NATIONAL COST ADJUSTMENT PROVISION. EDITION 2 [NCAP2]. 1.1 PAYMENT. In determining the amount of each progress payment and the final payment ...
- Review of Construction Price Adjustment Provision (CPAP) - LinkedIn
Learn more about the Review of Construction Price Adjustment Provision (CPAP) & Sub-Indices and see what people in and out of your professional network ...
- What Is an Adjustment Provision?
An adjustment provision is a type of allowance that is found in the text of an insurance policy that makes it possible to change one or more terms in the plan by ...
- Arnold & Porter LLP - Boilerplate Blunders: A Reminder That ...
... Section [the inflation adjustment provision] and [add any other indispensable provisions]) remain legal and enforceable, the remainder of this Agreement shall ...