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 ?
We are going into the qualification period for Tokyo 2020 so I'm excited to start the build-up for what will be my eighth Paralympic Games.
In the qualification period from September 21, 2016, to December 31, 2017, Kohli scored 2,023 runs in 18 Tests with eight centuries and three half-centuries.
The New Zealand-born centre made an immediate impact just hours after completing his three-year qualification period to become eligible to play for his adopted country.
Parkes describes the prospect as "a massive privilege", having completed a three-year qualification period that has seen him move from sheep farming on New Zealand's North Island to taking centre stage in Cardiff's Principality Stadium when Wales host South Africa.
The current rule allows players to qualify to play for a nation on residency grounds after just three years, with many previously calling for the qualification period to be increased.
8 Nathan Hughes, who completed his qualification period in July.
THE sixth Bags/SIS Track Championship started this week with more than a touch of controversy due to the last-minute decision to extend the qualification period for youngsters to October 2014 from November 2014 as advertised.
40 (seconds) and the athlete's best result in the qualification period is 48.
The qualification period for 10,000m, marathon, race walk and combined events runs from January 1, 2015 to July 11, 2016.
We've seen in the recent Euro 2016 qualification period that virtually all competitive matches are difficult.
With next year's Paralympic Games firmly on the horizon this is an important year for the 19-year-old and the rest of the GB team as the qualification period for Rio finishes at the end of 2015.
The ICC has also reduced the qualification period for women cricketers to just two years.
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