What does a condition subsequent require?

A condition subsequent refers to an event or situation that, when it occurs, can alter the obligations of the parties involved in a contract. In the context of insurance or risk management, this typically means that certain duties or obligations must be fulfilled after a specific event takes place to maintain the policy's validity or to trigger or limit coverage.

For instance, if a policy stipulates that a certain condition must be met after a claim happens (like the insured providing certain documentation after a loss), this represents a condition subsequent. The requirement is contingent upon the occurrence of that specific event, which distinguishes it from conditions that must be met prior to a loss or throughout the policy term.

In the context of insurance policies, recognizing what constitutes a condition subsequent is crucial for understanding how coverage may change and what is required from the parties involved after a triggering event. Understanding these terms helps policyholders comply with their obligations and prevents potential disputes over coverage in the future.