noncancelability clauseglossary / NONCANCELABILITY CLAUSE noncancelability clause. An insurance-policy provision that prevents the insurer from canceling the policy after an insured’s loss, as long as the premium has been paid. [Cases: Insurance 1916, 1920.] 词条贡献者 资深译员Betty,毕业于亚洲一流的高级翻译学院,专注翻译各种与商业移民有关的法律文件。