Insurance terms glossary.
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EI EM EN ES EX

Estoppel

"A legal principle that when an individual represents a material fact to another, who alters his position in reasonable reliance on the representation, the first may not deny that the condition or fact exists. Examples: An insurer may be estopped from denying a claim submitted after the policy expired if the insurer (or its agent) acted as though the policy had been or would be renewed.
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