declinature

Definition

The formal act or state of refusing an insurance claim or declining to provide coverage.

Etymology

Derived from the Latin 'declinare' (to bend away or turn aside), the word entered English via the French 'decliner' to describe the act of refusing, turning down, or declining.

In the news

In the article, insurers use the threat of formal declinature—or the refusal to issue one—to manipulate the timeframe of legal claims and keep manufacturers in a vulnerable position. Understanding this helps policyholders identify when they should stop waiting and take legal action.

‘All risks’ claims: A manufacturer’s defence playbook

Law.asia

Related words