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 法律翻译Daniel,毕业于英国一流的翻译学院,专注翻译各类与海商海事有关的法律文件。