Insurance terminology explained in simple terms
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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