existing insurance

existing insurance
Other insurance on the same risk in existence at the time of application for insurance. 29 Am J Rev ed Ins § 778. Benefit certificates in mutual aid societies have been held not to constitute "existing insurance" as the term is employed in applications for life insurance, but there is respectable authority to the contrary. Penn Mill. Life Ins. Co. v Mechanics' Sav. Bank & Trust Co. (CA6 Tenn) 72 F 413, reh den 73 F 653.

Ballentine's law dictionary. . 1998.

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