The act, process, or result of canceling; as, the cansellation of certain words in a contract, or of the contract itself.
The termination of a contract. Usually applied to the termination of a policy before its natural expiration, but may be used to describe the ending of any contract during its natural life, such as an agent's contract.
the act of terminating an insurance policy during the policy period.
A cancellation clause allows the warranty holder to cancel the policy and receive monies back. Typical cancellation clauses allow a money back guarantee within 30 days of the start of coverage providing no claims have been filed. After 30 days a cancellation can only occur in the event that the Vehicle is declared a "total loss" by an Insurance company. A "total loss" refund is usually prorated based on time and mileage that the policy was in force.
Cancellation as of the inception date of the policy, with a return of all premiums received.
Cancellation whereby the premium returned to the insured is directly proportional to the unexpired portion of the policy period.
Cancellation whereby the premium returned to the insured in the first year of a policy, as calculated from the applicable short rate provision, is less than the proportional or pro rata portion of the policy period that remains.
When an insurance policy is terminated by either party according to the terms of the contract.
the termination of an in-force insurance contract by either the insured or insurer. Termination may be voluntary, involuntary, or mutual in accordance with the provisions in the contract.
This action is carried out by either the insurance company, or by the insured effectively ending the policy and effectively terminating coverage.
Typical cancellation clauses of an extended warranty are for the owner to receive a full 100% money back guarantee if the policy is cancelled with the first 30 days of enrolling, if there have been no claims filed. After 30 days the refund is usually prorated based on time and mileage that the policy was in force.
The decision by either the insured or the insurer to terminate a policy in accordance with the provisions in the contract or by mutual agreement.
Termination of an insurance contract before the end of the policy period, by the insured or insuror, usually in accordance with provisions in the contract. Flat - Cancellation of a policy at or before it becomes effective with all the premium refunded to the policyholder. Pro-rata - A system of cancelling a policy before it expires and returning to the policyholder an amount of premium proportional to the unexpired days of the policy. Short-rate - A method of figuring the return premium when a policy is cancelled by the insured. A portion of the unearned premium is kept, by the company, for expenses.
is when the policy is terminated midterm by the insurance company, the earned premium is calculated only for the period of coverage provided.
is when the policy is terminated prior to the expiration date at the policyholder's request. Earned premium charged would be more than the pro-rata earned premium. Generally, the return premium would be approximately 90 percent of the pro-rata return premium.
The termination of the registration or approval status of a program at the request of the supervisor or sponsor. Cancellation also refers to the termination of an apprenticeship agreement at the request of the apprentice, supervisor, or sponsor.
Termination of an insurance policy or bond by an insurance company or a policyholder before its expiration date.
Termination of an insurance policy or coverage while the policy is still in effect.
The act of terminating a homestead entry because of the failure of the purchaser to meet the conditions of sale (i.e. the improvements) in the required time frame. If a homestead entry was canceled, the land was usually transferred back to the original owning agency (colonization company, Department of the Interior, etc.) and re-opened for sale or entry. This procedure was enacted in an effort to stop land speculation.
When an insurer or policyholder decides to stop coverage before the policy expires.
The termination of coverage during a policy period or renewal. Policies can be terminated for non-payment of premium or underwriting reasons.
This is the ending of an insurance policy. When cancelled the policy is no longer in effect. The policy can be canceled either at the insured or the insurance company for specific causes. Examples of reasons for cancellation would be non-payment of premium or fraudulent information on the application.
Termination of the insurance contract. Cancellation may be requested by the insurer (in certain circumstances) the insured, or by a lender for nonpayment of premium if the policy is premium financed.
an official act to terminate an enrollment before classes start for the term of enrollment.
your policy will terminate on a specified date prior to the expiration date listed on your declarations page.
Termination of contract of insurance in force by voluntary act of the insurance company or insured, effected in accordance with provisions in the contract or by mutual agreement.
is the termination of insurance coverage during the policy period.
Termination of an insurance policy by the insured or the insurance company during the policy period.
When an insurer discontinues an auto policy because a driver fails to pay the premium, loses driving privileges, or has not accurately reported the facts relating to his level of risk. A cancellation may make it difficult to get insurance for a long time to come.
Termination of an insurance policy by the insurance company or policyholder before a policy expires.
Termination of an insurance policy by the company or insured before the renewal date.
The termination of an insurance contract by the insured or the insurer in accordance with the policy provisions.
An act that ends a GM Protection Plan contract earlier than the scheduled contract expiration. Cancellation requests made within 60 days of GM Protection Plan purchase will be refunded in full if no claim has been made. After 60 days, contracts will be canceled using a pro rata method. Fees and requirements vary by state.
termination of an insurance policy during the period of insurance, either by the insured or by the company.
A cancellation clause allows the extended auto warranty holder to cancel the policy and receive a refund. Most extended auto warranties have a 30 day full refund cancellation clause, providing no claims have been filed. Typically, cancellation refunds are prorated based on the length of time and mileage driven while the policy was in force.
The discontinuance of an insurance policy before its normal expiration date, either by the insured or the company.
The termination of an insurance contract by either you or your insurer in accordance with your contract provisions and provincial laws.
What occurs when a policy is ceased by the insurer or the insured in compliance to what is outline in the contract.
The termination of your insurance coverage during the period in which your policy is in effect
The act of terminating an insurance policy before its expiration date, either by the policyholder or by the company.
Termination of a general insurance policy by the policyholder (usually during the period of cover).
To terminate a contract before its expiration date by either the insurance company or the policyholder.
Termination of a contract without undoing those acts that have already been performed under the contract.
This is the termination of an insurance contract according to the terms of the contract. It may be executed by the insured or the insurer.
Run-off basis means that the liability of the reinsurer under policies, which became effective under the treaty prior to the cancellation date of such treaty, shall continue until the expiration date of each policy; Cut-off basis means that the liability of the reinsurer under policies, which became effective under the treaty prior to the cancellation date of such treaty, shall cease with respect to losses resulting from accidents taking place on and after said cancellation date. Usually the reinsurer will return to the company the unearned premium portfolio, unless the treaty is written on an earned premium basis.
Insurers have the right to cancel your policy at any time. However, they have to give the required period of notice, usually between 7-28 days. And they must refund a pro- rata premium, that is, full proportion of the unexpired period. But in practice, mid term cancellation is exceptional. If you cancel, then insurers will charge short period rates, although they may return pro-rata if, for example, you have sold the property insured.
Abandonment of a contract. In insurance, termination of a contract before its expiration by either the insured or the company. The notice of cancellation and methods by which it can be effected are usually set forth in the insurance contract.
(1) Voiding of a document by defacement, perforation, or other means, whereby restoration is made possible. (2) Investments: The termination of an insurance contract prior to the end of the policy period.
(p) - refers to coverage that terminates before the policy's ending date.
The cancellation provision of a policy allows either the Insured or Insurer to cancel a policy. These provisions vary depending on country requirements, market practices, and type of insurance. A careful reading of the provision for each policy is advised.
The termination of insurance coverage during the policy period. Flat cancellation is the cancellation of a policy as of its effective date, without any premium charge.
The act of declaring a driver's license void and terminated.
A cancellation occurs when your in-force insurance contract is terminated before the policy period ends. Cancellation can be initiated by either party, and may be voluntary, involuntary, or mutually agreed upon. Penalties may apply, depending upon the contract provisions. Flat cancellation is the cancellation of a policy on its effective date without any premium charge, as if it had never been issued.
The discontinuation of the insurance policy before its normal expiration date.
termination of a policy before it is due to expire.
(Annulation or Résiliation) The termination of the policy before the end of a policy period. Usually if the company cancels the policy, the insured is entitled to a pro rata return of premium for the unused portion of the policy. If the insured cancels, he is entitled to a short rate (as set out on the policy) return of premium.
Done either by the insurer or insured, this discontinues the policy before its normal expiration date
The termination of an insurance policy either by the insured party or the insurance company, before its normal expiration date. A cancelable policy includes a provisions the the contract can be terminated by either party upon notice to the other. By contrast, a non-cancelable policy cannot be canceled by the insurance company during its specified term. (unless non-payment of premium)
Termination of a policy before its normal expiration date.
Termination of an insurance contract before its expiration date by either the insurance company or the policyholder.
When either you or your insurance company voluntarily end your insurance contract during the policy period. Either you or your company may cancel the contract, but each must do so according to specific rules set out in the contract.
The termination of an insurance policy usually before its expiration.
The discontinuance of an insurance policy before its normal expiration date, either by the company or the insured.
Termination of an insurance coverage during the policy period by the voluntary act of the Insurance Company or Insured, effected in accordance with provisions in the contract or by mutual agreement.
The termination of a policy before its specified expiration date. The policyholder or the insurance company can request cancellation, according to the policy's terms.
Termination of a policy in force by a voluntary act of the insured or insurer.
The termination of an insurance contract by either the insurance company or the insured.
Insurance policy may be cancelled at any time subject to a period of notification by the insurer. A prorated refund of the premium would then be issued for the unexpired period by the Insurer. However if the Insured cancels the policy, the insurer will charge short period rate for the time on risk.
A policy may be cancelled at the request of either party - usually the client.