MEDICAL,USA: Automatic continuance of an insurance policy for a specific time period by payment of the premium for a new policy term.
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US: Continuance of coverage under a policy beyond its original term by the insurer’s acceptance of the premium for a new policy term.
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UK: The continuance of a policy beyond its initial period. Most policies, permanent contracts excepted, are renewable by mutual consent and allow 15 days’ grace period except in marine insurance. See RENEWAL NOTICE.
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UK: the continuation of cover beyond the original term of the policy (usually involving, in strictness, a new contract).
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The continuation of in-force status that is caused by the payment of a premium.
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The extension of the term of coverage of an expired policy, commonly by replacement with another policy effective on the date of expiration of the previous policy.
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The reinstatement in force and effect of something that is about to expire. With an Insurance Policy it is made either by the Insurance of a new Policy or renewal receipt or certificate under the same conditions, to take effect upon the expiration of the old Policy.