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Legal Definitions - anniversary date

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Definition of anniversary date

Definition: The anniversary date is the yearly date on which an insurance policy was first issued.

Example: If an insurance policy was issued on January 1, 2020, then January 1, 2021, would be the policy's anniversary date.

The anniversary date is important because it marks the start of a new policy year. This means that any changes to the policy, such as premium increases or coverage adjustments, may occur on this date. It also allows the policyholder to keep track of how long they have been covered by the policy.

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Simple Definition

Anniversary date: The anniversary date is the yearly date when an insurance policy was first issued. It is important because it marks the start of a new policy year.

If we desire respect for the law, we must first make the law respectable.

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The difference between ordinary and extraordinary is practice.

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