Waiver
(1) A rider waiving (excluding) liability for a stated cause of injury or sickness. (2) A provision or rider agreeing to waive premium payments during a period of disability of the insured. (3) The act of giving up or surrendering a right or privilege that is known to exist. In property and liability fields, it may be affected by an agent, adjuster, company, employee or company official, and it can be done either orally or in writing.
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