closed policy

An insurance policy whose terms cannot be changed.

• A fraternal benefit society is not permitted to write closed policies.

— Also termed closed insurance contract.

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词条贡献者

法律翻译Wayne，毕业于一所培养最顶级翻译人才的语言学院，专注翻译各类与调查、政府执法和白领刑事辩护有关的法律文件。