Qualification period

Qualification period

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.

Qualification Period

In insurance, a period of time during which a policyholder is making premium payments but during which the insurer is under no obligation to provide coverage. That is, during the qualification period, the policyholder and insurer have entered into a binding contract in which the insurer does not have to fulfill its end if an insured event occurs. The qualification period exists to give the insurer time to determine whether there is any fraud on the part of the policyholder, and to ensure that the policyholder will not abuse the policy. The qualification period usually lasts a few weeks or months.
References in periodicals archive ?
The Olympic qualification period for racewalking and marathon events began on January 1 this year and K.T.
9 2020, the current rankings could change depending on the performances of those in the top 60 and those trying to enter via backdoor with the ongoing qualification period to earn Olympic Golf Ranking points to end June 29, 2020.
Archer falls into that category and, after looking at ease against Ireland on his international debut after serving a three-year qualification period, he impressed again.
The tournament, that runs from tomorrow until Saturday, marks the start of the sport's qualification period for next year's Paralympics in Tokyo.
According to the release, under the new qualification process, an athlete can qualify for the Olympics in one of two ways; by achieving the entry standard within the respective qualification period and qualify by virtue of their IAAF world ranking position in the selected event at the end of the respective qualification period.
Mislatel should comply within the 90-day post qualification period, so it could be granted a Certificate of Public Convenience and Necessity to be able to start operations.
The Barbados-born paceman, who has an English father and a British passport, completes a three-year qualification period later this month and will immediately come under consideration.
Should he remain in Llanelli, he would help the West Walians keep their firepower out wide while completing his qualification period for Wales.
Randomization occurs if a patient meets specific clinical criteria after a two-week qualification period and can then enter the treatment phase of the study.
The 2018-2019 ELEY High School All-American qualification period got underway with the CMP National Matches in July.
For those who have a doctoral degree, the bill reduces the residential qualification period to 183 days a year for two years.
"We are encouraged by the strength of performances during the qualification period and we look forward to being competitive in the women's event in the European Marathon Cup."
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