MLchartDataset catalogue

Underwriting period

Term · Insurance and risk management · MLC-T-INS-003418

An initial period after a new policy takes effect, set at 60 days in most states and 45 in others, during which the insurer can cancel for nearly any reason, after reviewing the application, driving record or inspection results. After the period ends, cancellation is restricted to statutory grounds such as nonpayment of premium or fraud.

Table 1. Record
IdentifierMLC-T-INS-003418
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003418",
  "term": "Underwriting period",
  "field": "Insurance and risk management",
  "definition": "An initial period after a new policy takes effect, set at 60 days in most states and 45 in others, during which the insurer can cancel for nearly any reason, after reviewing the application, driving record or inspection results. After the period ends, cancellation is restricted to statutory grounds such as nonpayment of premium or fraud.",
  "url": "https://mlchart.com/terminology/insurance/underwriting-period/"
}

Record 3,515 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.