conversion insurance
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conversion — con·ver·sion /kən vər zhən/ n 1 a: the act of changing from one form or use to another b: the act of exchanging one kind of property for another; esp: the act of exchanging preferred stocks or bonds for shares of common stock of the same company… … Law dictionary
Conversion (law) — For other uses of the word conversion , see Conversion. Conversion is a common law tort. A conversion is a voluntary act by one person inconsistent with the ownership rights of another.[1] It is a tort of strict liability.[2] Its criminal… … Wikipedia
Conversion Privilege — An insurance policy in which the insurer is required to renew or update the policy regardless of the insured s health. An insurance policy with this type of provision allows the insured to switch to a different type of policy without submitting… … Investment dictionary
conversion of insurance policy — The surrender of a life insurance policy to the insurer in exchange for another policy pursuant to a right or privilege provided the insured in the original policy. 29 Am J2d Ins § 367. See exchange of policy … Ballentine's law dictionary
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
Electric vehicle conversion — An electric vehicle conversion is the modification of a conventional internal combustion engine vehicle (ICEV) to electric propulsion, creating an all electric or plug in hybrid electric vehicle. Contents 1 Elements of a conversion 1.1 Solar… … Wikipedia
Self-Build Insurance — An insurance policy that provides coverage during the construction of a new home, additional structure, renovation or conversion. Self build insurance provides financial compensation for setbacks and problems that may occur during the project,… … Investment dictionary
United States Government Life Insurance — Life Insurance provided by the government and made available to veterans of World War I by way of conversion of their level premium term insurance known as United States War Risk Insurance. 29A Am J Rev ed Ins § 1970 … Ballentine's law dictionary
Involuntary Conversion — A process where a taxpayer is involuntarily forced to dispose of property that has been stolen, condemned, destroyed or repossessed, and another piece of property or cash is received in lieu of the property. Involuntary conversion can result in a … Investment dictionary
convertible term insurance — Term insurance with a conversion privilege under which the insured may convert the policy to ordinary life, endowment, or other form of life insurance written by the insurer, without an additional medical examination … Ballentine's law dictionary
