Noncancellable Insurance Policy

(redirected from Non-Cancellable Insurance Policy)

Noncancellable Insurance Policy

An insurance policy that the insurer is not allowed to cancel. That is, the insurer must renew the policy and may not change the terms or raise the premium at renewal.
References in periodicals archive ?
In 2010 Canadian Solar became one of the first companies in the industry to offer enhanced product and performance warranty backed by an immediately available and non-cancellable insurance policy.
Full browser ?