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Home > Legal Research > Glossary

No-action clause

Definition - Noun
: a clause in an insurance contract providing that the insurer does not have to pay unless and until a judgment against the insured is obtained

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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No-action clause