MLchartDataset catalogue

Tacit renewal

Term · Insurance and risk management · MLC-T-INS-003272

A provision in an insurance contract that automatically renews the policy for a subsequent period unless either the insurer or the policyholder provides notice of non-renewal within a specified timeframe. This mechanism maintains continuous coverage without requiring active consent for each renewal cycle. It is common in certain types of property and casualty insurance policies.

Table 1. Record
IdentifierMLC-T-INS-003272
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003272",
  "term": "Tacit renewal",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance contract that automatically renews the policy for a subsequent period unless either the insurer or the policyholder provides notice of non-renewal within a specified timeframe. This mechanism maintains continuous coverage without requiring active consent for each renewal cycle. It is common in certain types of property and casualty insurance policies.",
  "url": "https://mlchart.com/terminology/insurance/tacit-renewal/"
}

Record 3,400 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.