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Finance Dictionary and Glossary of Investment Terms
Qualification period
Definition 1.
A period of time during the first few months or weeks of a new policy when an insurance company will not reimburse a policyholder for a claim in order to allow the insurance company time to find any fraudulent information in the application.
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Definition 2.
Initial period on an insurance policy during which the policyholder's ability to make claims is severely restricted, to discourage fraud.
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