Minimum or maximum ages in which an insurance company or managed care plan will not accept applications or renew policies.
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In accident, life, or automobile insurance, the age below which or above which an insurer refuses to insure an applicant.
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UK: The limits set by insurers as to the maximum and minimum ages at which cover will be offered, maintained or made subject to special conditions. Age limits are commonly applied to health/accident insurances including travel, certain life policies and motor insurance.
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Used in health insurance, these are set ages contained in a policy for the insuring of new applicants or for the renewal of the policy.