MEDICAL,USA: Act of an insurance company’s refusal (rejection) to insure a person after evaluating the insurance application, usually for reasons of the health or occupation of the applicant.
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The act of rejecting an application for insurance.
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The insurer’s refusal to insure an individual after careful evaluation of the application for insurance and any other pertinent factors.
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US: The insurer’s refusal to insure an individual after careful evaluation of the application for insurance and any other pertinent factors.
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When the insurer declines an application for coverage.
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UK: A refusal by the insurer to accept a proposal for a new insurance or renew an existing policy. Refusals have to be disclosed in future applications for insurance. The right to decline at renewal does not apply to permanent contracts.
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The refusal by an insurer of a proposed insurance.
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The refusal of an insurer or reinsurer to offer terms of cover.