renewal provision
(1) An
individual life insurance policy provision that gives the
policyowner the right to continue the insurance coverage at the end
of the specified
term without submitting evidence of continued insurability. (2)
A provision in an
individual health insurance policy describing the circumstances under
which the
insurance company may refuse to
renew the
coverage, may cancel the coverage, or may increase the policy's
premium rate.
Obtain a free
quote and experience health care that provides
you access to affordable medical services.
Burdened by credit
card debt? Reduce all of your unsecured debts by 60% with
our Debt
Consolidation solution.
