Mark the Policies off Law and Legal Definition
The words used by the broker to mark the policies off were a request to mark the policies from the books as if they had never been issued, with no claim for a premium.
A request to mark a policy from the books of a company without paying any premium for the time that the contract has been in force is entirely different from a request to cancel a policy as provided by the statute and the terms of the policy itself. In the first case the insurer has a right to accept or reject the proposition. In the latter case the receipt of the request ipso facto cancels the contract. [Boutwell v. Globe & Rutgers Fire Ins. Co., 193 N.Y. 323 (N.Y. 1908)].