Hospital unit that is approved to furnish transplantation and other medical and surgical specialty services directly for the care of end-stage renal disease (ESRD) transplant patients including inpatient dialysis furnished directly or under arrangement.

Type of life insurance that offers the insured the option to renew the coverage at the end of the term period and the option to convert to a permanent basis.

Provision in an insurance policy that gives the insurance company the right to stop insuring the individual. If the insured is receiving benefits under the policy, he or she cannot be cut off in the midst of an illness or accident.

Type of life insurance under which the insured has the right to continue the insurance for another term of the same length without submitting evidence of insurability. Premium rates increase at each renewal as the age of the insured increases.
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UK: Term insurance that carries an option to renew for a further specified period of years without evidence of good health.

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.

Commissions paid to the insurance agent for a specific number of years after the first policy year and are only for those policies that remain in force.

Month, day, and year when an insurance policy must be reestablished for another time period. Insurance rates may possibly be increased. An option is to obtain other coverage or decrease insurance benefits.

Monthly, semiannual, or annual premium payment after the initial premium has been paid.

Clause in an insurance policy that either gives the insured the right to continue insurance coverage or allows the insurance company to refuse to renew coverage, cancel coverage, or increase the premium.

Insurance company’s evaluation of the premium and claim expense for a group plan to determine if a rate change needs to be made.