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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Qualification period  

Definition 1.

A period of time during the first few months or weeks of a new policy when an insurance company will not reimburse a policyholder for a claim in order to allow the insurance company time to find any fraudulent information in the application.
 

Definition 2.

Initial period on an insurance policy during which the policyholder's ability to make claims is severely restricted, to discourage fraud.
 
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