Provisional notice of cancellation (PNOC)
Term · Insurance and risk management · MLC-T-INS-002745
A preliminary notification sent by an insurer to an insured, indicating the intent to cancel a policy if certain conditions are not met. This notice typically specifies the reason for the potential cancellation, such as non-payment of premium or failure to provide requested information. It provides a grace period for the insured to rectify the issue before final cancellation.
| Identifier | MLC-T-INS-002745 |
|---|---|
| Field | Insurance and risk management |
| Abbreviation | PNOC |
Record as JSON
{
"id": "MLC-T-INS-002745",
"term": "Provisional notice of cancellation (PNOC)",
"field": "Insurance and risk management",
"definition": "A preliminary notification sent by an insurer to an insured, indicating the intent to cancel a policy if certain conditions are not met. This notice typically specifies the reason for the potential cancellation, such as non-payment of premium or failure to provide requested information. It provides a grace period for the insured to rectify the issue before final cancellation.",
"abbreviation": "PNOC",
"url": "https://mlchart.com/terminology/insurance/provisional-notice-of-cancellation-pnoc/"
}
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