Pre-existing conditions provision

Provision in most medical expense insurance policy stating that until the insured has been covered under the policy for a certain period, the insurer will not pay benefits for any pre-existing condition.

See Also: Physical therapy; Profit; Private-Passenger Auto Insurance Policyholder Risk Profile; Pretax Return on Revenue; Pretax Operating Income; Premium Unearned; Premium to Surplus Ratio; Premium Earned; Preferred Auto;

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