(i) Refusal by an insurer to underwrite a risk. (ii) Sometimes used to refer to the refusal or denial of a claim by an insurer.
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MEDICAL,USA: 1. Refusal by an insurance company to insure an applicant. 2. Refusal by an insurance company to pay an insurance claim. This can occur when a medical service is not a benefit of the health insurance plan.
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A term used for an insurer’s refusal to insure a given risk. This term can also be used to describe the insurer’s refusal to pay a submitted claim.