Definitions for "Insurability"
The determination by the insurance company that you are an insurable risk.
Acceptability by the insurer of an applicant for insurance based on factors such as the person's age, health, occupation, etc.
Acceptability of an insurance applicant.
The conditions set by the insurance company that allow a person to be eligible for insurance. If you have a terminal illness, you may not be insurable.
Your ability to be insured by an insurance company based on your medical exam, credit history, driving record, etc.
The insurance company's view of whether your insurable.