Noncancellable definition

Noncancellable means a policy in which the insured has the right to continue the insurance in force by the timely payment of premiums during which period the insurer has no right to unilat- erally make any change in any provision of the insurance or in the premium rate.

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Noncancellable means that the owner has the right to continue the policy in force by the timely payment of premiums set forth in the policy until at least the insured’s age 65, or as an alternative, until the insured’s receipt of retirement benefits under the Social Security Act of the United States. During this period, the company shall not unilaterally make any change in any provision of the policy (including premium rates) while the policy is in force. This policy may also become Conditionally Renewable after the insured’s age 65 at the option of the company.

Noncancellable means that renewal of a contract may not be declined except for nonpayment of premium, nor may rates be revised by the insurer.

Examples of Noncancellable in a sentence

In accordance with the Invoice Provision of this Agreement the State shall reimburse the University for costs incurred up to the effective date of termination and for costs incurred due to Non-cancellable Obligations, up to the undisbursed balance of funds authorized in this Agreement.
This payment shall be for all costs incurred in accordance with this Agreement, and shall include labor and materials purchased or utilized (including all Non-cancellable Obligations) up to the termination date, and pro rata share of indirect costs as specified in the proposal budget.
In such an event, Sponsor shall not later than thirty (30) days after such termination, pay to USC any outstanding amounts remaining to be paid, including any Noncancellable Obligations incurred by USC through the date of termination.
Notwithstanding the date on which Lessee exercises this option, Lessee shall acquire no rights of title to any Equipment, nor shall title to any Unit be transferred to Lessee after the exercise of this purchase option until the expiration of the Noncancellable Term for the Schedule on which such Unit is specified.
Non-cancellable commitments shall include salary, benefit, and tuition costs for graduate research assistants employed on the PROJECT through the end of the semester during which notice of termination is made.

More Definitions of Noncancellable

Noncancellable means an individual policy in which the insured has the right to continue the insurance in force by the timely payment of premiums during which period the insurer has

Noncancellable means that renewal of a long-term care insurance policy cannot be declined and rates cannot be revised by the issuer.

Noncancellable means that the renewal cannot be declined for reasons other than for fraud, material misrepresentation or failure to pay the renewal Premium, nor can rates be revised by the insurance company.

Noncancellable means that renewal of a long-term care in- surance policy cannot be declined and rates cannot be revised by the issuer.

Noncancellable means the insured has the right to continue the long-term care insurance in force by the timely pay- ment of premiums during which period the insurer has no right to unilaterally cancel or make any change in any pro- vision of the insurance or in the premium rate.

Noncancellable means renewal cannot be declined nor can rates be revised by the insurance company.

Noncancellable. ’ means that the insured may continue the long-term care insurance in force by timely paying premiums during which period the insurer shall not unilaterally make any change in any provision of the insurance or in the premium rate.