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contingent insurance. The term contingent insurance refers to a policy that is contingent on the absence of other insurance. For example, the 1973 commercial general liability (CGL) policy stated that it provided primary insurance, except when stated to apply in excess of or contingent upon the absence of other insurance. â¦
Dictionary entry overview: What does contingent mean? â¢ CONTINGENT (noun) The noun CONTINGENT has 2 senses: 1. a gathering of persons representative of some larger group 2. a temporary military unit Familiarity information: CONTINGENT used as a noun is rare. â¢ CONTINGENT (adjective) The adjective CONTINGENT has 3 senses: 1. possible but not certain to occur