Noncancelable definition

Noncancelable means renewal may not be declined by the insurer and rates may not be revised.
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Noncancelable means that, during the renewal period (to a specified age) renewal cannot be declined nor coverage changed by the insurer for any reason other than nonpayment of premiums, fraud, or misrepresentation and that rates cannot be revised by the insurer. This includes policies that are guaranteed renewable to a specified age, such as 60 or 65, at guaranteed rates; and
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Noncancelable means the insured has the right to continue the coverage in force if premiums are timely paid during which period the insurer may not unilaterally change the terms of coverage, decline to renew, or change the premium rate.
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Examples of Noncancelable in a sentence

  • Non-cancelable commitments shall include employment commitments to University personnel through the end of the semester following any such termination by Sponsor, and all other reasonable costs incurred by the University during the time period between the notification date and the termination date, which are necessary to terminate the Project.

  • This rider changes the policy and all riders made part of the policy from Guaranteed Renewable to Noncancelable and Guaranteed Renewable.

  • Non-cancelable commitments shall include stipends to cover graduate student appointments for the balance of an academic year.

  • STANDARD INSURANCE COMPANY This rider changes the policy and all riders made part of the policy from Guaranteed Renewable to Noncancelable and Guaranteed Renewable.

  • Non-cancelable “net” dry operating lease with Lessee’s purchase option with Lessee responsible for all costs associated with the possession, use, operation, maintenance, repair, management, insurance and return of the Aircraft.

  • Non-cancelable commitments include stipends to cover graduate student appointments for the balance of an academic year.

  • Non-cancelable and non-returnable product will be identified as such on Exhibit B and on each PCBA BOM supplied to Buyer by seller which shall be signed as acknowledgement by buyer.

  • Non-Cancelable and Non-Returnable Items: Products sold as NC/NR (Non-cancelable and Non-Returnable) are identified on the Sales Order and via Order Acknowledgement.

  • Non-cancelable commitments shall include employment commitments to ASU personnel through the end of the semester following any such termination by Sponsor.

  • Non-cancelable commitments will include employment commitments to ASU personnel through the end of the semester following any such termination by Sponsor.