Cancellation

{
  "id": "MLC-T-ENV-004036",
  "term": "Cancellation",
  "field": "Environment",
  "definition": "1. Termination of an insurance coverage during the policy period by the voluntary act of the insurance company or insured, effected in accordance with provisions in the contract or by mutual agreement.\n\n2. Refers to Section 6 (b) of the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) which authorizes cancellation of a pesticide registration if unreasonable adverse effects to the environment and public health develop when a product is used according to widespread and commonly recognized practice, or if its labeling or other material required to be submitted does not comply with FIFRA provisions.",
  "subject": "General environmental",
  "references": [
    "Environmental Insurance and Risk Management Tools Glossary",
    "Terms of Environment"
  ],
  "url": "https://mlchart.com/terminology/environment/cancellation/"
}