MLchartDataset catalogue

Cancel and rewrite

Term · Insurance and risk management · MLC-T-INS-000661

The practice of terminating an existing insurance policy before its natural expiration date and immediately issuing a new policy to the same insured. This action is often taken to make changes to coverage, adjust premiums, or update policy terms that cannot be accomplished through an endorsement. It can result in new policy numbers and effective dates.

Table 1. Record
IdentifierMLC-T-INS-000661
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000661",
  "term": "Cancel and rewrite",
  "field": "Insurance and risk management",
  "definition": "The practice of terminating an existing insurance policy before its natural expiration date and immediately issuing a new policy to the same insured. This action is often taken to make changes to coverage, adjust premiums, or update policy terms that cannot be accomplished through an endorsement. It can result in new policy numbers and effective dates.",
  "url": "https://mlchart.com/terminology/insurance/cancel-and-rewrite/"
}

Record 428 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.