[E018]

elimination period

In health insurance, an amount of time after the occurrence of a disability during which no indemnities are payable, as provided in the policy. An elimination period can apply to accident, sickness, or to both. Commonly referred to as the waiting period. Also used in boiler and machinery business interruption insurance.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

Back to Index