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A condition precedent to liability is a requirement that must be fulfilled before the insurer’s obligation to pay arises. If the insured fails to meet that condition (for example, not providing timely notice, not cooperating, or not submitting required documentation), the insurer has no liability to pay and will refuse to settle the claim. The policy isn’t automatically canceled just because a condition wasn’t met, and suing for damages isn’t the direct remedy in this scenario—the claim is simply not payable until the condition is satisfied.