MLchartDataset catalogue

Cancelable

Term · Insurance and risk management · MLC-T-INS-003601

Describing an insurance policy that either the insurer or the insured can terminate before its stated expiration date, subject to the terms and conditions outlined in the policy contract. The insurer typically provides advance notice and refunds any unearned premium. This contrasts with non-cancelable policies, which guarantee coverage for a set period as long as premiums are paid.

Table 1. Record
IdentifierMLC-T-INS-003601
FieldInsurance and risk management
SubjectBusinessowners Policy
Record as JSON 
{
  "id": "MLC-T-INS-003601",
  "term": "Cancelable",
  "field": "Insurance and risk management",
  "definition": "Describing an insurance policy that either the insurer or the insured can terminate before its stated expiration date, subject to the terms and conditions outlined in the policy contract. The insurer typically provides advance notice and refunds any unearned premium. This contrasts with non-cancelable policies, which guarantee coverage for a set period as long as premiums are paid.",
  "subject": "Businessowners Policy",
  "url": "https://mlchart.com/terminology/insurance/cancelable/"
}

Record 428 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.