DUTIES ACT 1997 - SECT 241 What is a "life insurance rider"?
DUTIES ACT 1997 - SECT 241
What is a "life insurance rider"?241 What is a "life insurance rider"?
A life insurance rider is insurance that--
(a) is attached to a policy of life insurance, and
(b) adds specified events and contingencies to those insured under the policy, and
(c) is subject to the terms and conditions of the policy.