cancelable
Cancelable refers to the fact that most insurance contracts can be terminated by the insurer or the insured at any time.
cancelable
Cancelable refers to the fact that most insurance contracts can be terminated by the insurer or the insured at any time.
Additional Information
If an individual policy is not a cancelable policy, then it will probably be designated guaranteed renewable or noncancelable. Individual life insurance policies are noncancelable by the insurer. Most property and liability policies can be canceled.
