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ALL meanings of waiver of premium

waiv·er of pre·mi·um
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  • noun waiver of premium a provision in a policy establishing specific conditions under which the policy will be kept in force without the policyholder's being required to continue to pay premiums. 1
  • noun waiver of premium A waiver of premium is a provision that allows the insured not to pay premiums during a period of disability that has lasted for a particular length of time. 0
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