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waiver of premium

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noun Insurance.
a provision in a policy establishing specific conditions under which the policy will be kept in force without the policyholder's being required to continue to pay premiums.
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SHALL WE PLAY A "SHALL" VS. "SHOULD" CHALLENGE?
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Which form is used to state an obligation or duty someone has?

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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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