exchange of policy

exchange of policy
The substitution of one policy for another accomplished by the agreement of the insurer and insured or pursuant to a policy provision. Baine v Continental Assur. Co. 21 Cal 2d 1, 129 P2d 396, 142 ALR 1253. See conversion of insurance policy.

Ballentine's law dictionary. . 1998.

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  • exchange — ex|change1 W1S2 [ıksˈtʃeındʒ] n ▬▬▬▬▬▬▬ 1¦(giving/receiving)¦ 2¦(argument/discussion)¦ 3 exchange of ideas/information etc 4¦(something you buy)¦ 5¦(money)¦ 6¦(students/teachers)¦ 7¦(jobs/homes etc)¦ 8¦(fight)¦ 9¦(building)¦ ▬▬▬▬▬▬▬ …   Dictionary of contemporary English

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