policy proof of interest

Definition of policy proof of interest

: a marine insurance policy provision whereby the underwriter agrees to dispense with all proof of insurable interest with the policy being stamped accordingly

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Cite this Entry

“Policy proof of interest.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/policy%20proof%20of%20interest. Accessed 25 Oct. 2021.

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