no-action clause

noun

no-ac·​tion clause
: a clause in an insurance contract providing that the insurer does not have to pay unless and until a judgment against the insured is obtained

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Cite this Entry

“No-action clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/no-action%20clause. Accessed 27 May. 2024.

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