Florida Health Insurance Definitions

Florida Health Insurance Terms:
"War Clause"

Define: "War Clause"

This is a provision in a life insurance policy excluding the liability of an insurance company if the insured's death is the direct result of a war.

Used in news -- "The Canadian Bankers Association says financial institutions it represents have all agreed to waive an exclusion clause that's caused mortgage problems for widows of soldiers killed in Afghanistan.

Spokeswoman Maura Drew-Lytle says a number of banks will not apply an act-of-war clause that prevents clients from having their mortgage insurance covered.

The decision comes after several widows have had trouble getting their mortgages paid because their husbands were killed in combat.

They say that when they bought the mortgage insurance they were not told by the banks that it might not apply if their spouses died while at war."

More Examples of War Clause:

A provision in a life insurance policy that excludes coverage for death or injury caused by acts of war. Some policies contain an absolute war exclusion applying to any insured, while others apply only to members of the armed forces serving in a war zone.

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