👉 Predevised, also known as a predevised or pre-devision, is a concept in insurance law that refers to the process of determining whether an event or occurrence has occurred prior to its actual occurrence. It involves assessing whether there was any previous occurrence that could have triggered the current occurrence. In legal terms, it is similar to a preponderance of the evidence (POE) standard, which requires that there be some sort of direct connection between the occurrence and the claimant's loss
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What is the definition of Predevise? 🙋
👉 "Pre-devise" refers to a situation in which there is no formal or written agreement between two parties regarding the terms of a transaction. In this context, "pre-devise" could mean that there has been no formal negotiation or agreement between the two parties involved in the transaction, and therefore, there is no established legal basis for any agreement to be entered into. This term can also refer to situations where both parties have reached an agreement without formal documentation, which may not always be recognized as
