MEDICAL,USA: Amount of time an insurance contract is in force.
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Means the period of time between the inception date and time and the expiration date and tie, each as shown in the Schedule, unless the Policy is earlier terminated, in which even such period of time shall end as of the date and time of such earlier termination.
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The amount of time during which the policy is valid.
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The term of duration of the policy. The policy period encompasses the time between the exact hour and date of policy inception and the hour and date of expiration.