no-action clause
noun
no-ac·tion clause
: 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
Dictionary Entries Near no-action clause
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“No-action clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/no-action%20clause. Accessed 22 Nov. 2024.
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