exali Glossary
Your encyclopedia of technical terms used in the insurance industry
The insurance industry is full of technical terms—from insurance policies and obligations to recourse claims. To help you keep track of everything, the exali glossary explains the main insurance terms in a simple, understandable, and practical way.
In the exali glossary, you will find not only definitions, but also practical examples, legal information, and references to the appropriate insurance coverage. This way, you always know where the risks lie—and how to protect yourself against them.
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Side Letter/Special Conditions
The term side letter is used in the insurance sector as another name for special conditions. These Special Conditions are ancillary agreements to the general T&Cs of insurance and document additional services or framework agreements for certain target groups, for example.
These Special Conditions take precedence over the general T&Cs of insurance. That is, any deviating regulations in the Special Conditions may void or expand the original agreements of the general T&Cs.
Term: Side Letter/Special Conditions
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