Insurance companies typically do not wish to provide insurance coverage for circumstances that are already known to exist.
For example, an insurance company would not be willing to write a fire insurance contract for a homeowner if the company knew that the individual's home had already been destroyed in a fire. In the same way, an insurance company would not be willing to write a life insurance policy for an individual who was already known to be terminally ill.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
pre-existing — (adj.) also preexisting, 1590s, from PRE (Cf. pre ) + prp. of EXIST (Cf. exist). The medical insurance pre existing condition is attested from 1942 … Etymology dictionary
pre-existing — preexisting [ˌpri:ıgˈzıstıŋ] adj [only before noun] formal existing before a particular time or event ▪ Inform your doctor of any pre existing medical condition … Dictionary of contemporary English
pre-existing — /pri əgˈzɪstɪŋ/ (say pree uhg zisting), /pri ɛg / (say pree eg ), /pri ɪg / (say pree ig ) adjective existing beforehand: a pre existing medical condition; a pre existing agreement … Australian English dictionary
pre-existing — adj. Pre existing is used with these nouns: ↑condition … Collocations dictionary
condition — noun 1 state of sth ADJECTIVE ▪ excellent, good, immaculate, mint, perfect, pristine ▪ reasonable ▪ bad … Collocations dictionary
Pre-conception counseling — (also called pre conceptual counseling) is based on the medical theory that all women of child bearing years should be pre screened for health and risk potentials before attempting to be pregnant. Physicians and baby experts recommend that a… … Wikipedia
pre-exist — verb (I, T) formal to exist before something else: Inform your doctor of any pre existing medical condition, eg, diabetes. pre existing adjective … Longman dictionary of contemporary English
condition — 1. an illness Literally, any prevailing circumstance, but in matters of health any condition is bad, be it of the heart, liver, bladder, or whatever: Throughout the aircraft, the old, then those with pre existing medical conditions,… … How not to say what you mean: A dictionary of euphemisms
condition — con·di·tion 1 n 1: an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp. a contract; also: a clause in the instrument describing the act or event and… … Law dictionary
Pre-1773 History of the Jesuits — Society of Jesus, History of the (Before 1773) † Catholic Encyclopedia ► History of the Jesuits Before the 1773 Suppression Italy The history of the Jesuits in Italy was generally very peaceful. The only serious disturbances were… … Catholic encyclopedia