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.]

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词条贡献者

资深译员筠怡，国际知名法学院民商法专业，专注翻译各种与商业和侵权诉讼有关的法律文件。