What is CANCELLATION PROVISION CLAUSE?

It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its expiration date.

More On This Topic



Link to This Definition
Did you find this definition of CANCELLATION PROVISION CLAUSE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary