What is the definition of Pre-Existing Condition?
A pre-existing condition is a disease, illness or condition that existed even before a life or health insurance policy is issued. Knowledge of a pre-existing condition may cause the insurance company to refuse an application, or to issue the application but state limitations on risks the company refuses to cover.
Pre-existing condition is defined in two ways. One, the individual should have received treatment or medical care for the condition at least three months immediately before the effective date of the coverage. Two, the condition (sickness or injury) first appeared or manifested itself within a stated length of time before a policy was issued. The period in question is usually two years and the condition is usually also not disclosed on the insurance application.
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