Noncancelable Policy Law and Legal Definition
Noncancelable policy is a policy of insurance containing provisions which limit the right of the insurer to cancel the policy. It is mainly a policy of health and accident insurance restricting cancelation after an illness or accident occurring to the insured.
Noncancelable policy merely limited the right of assurer to cancel after an illness or accident, so long as the premium was paid, and gave the assured material aid in this continued protection against repeated illnesses and injuries and cancellation therefore. [Dudgeon v. Mutual Ben. Health & Acci. Ass'n, 70 F.2d 49, 52 (4th Cir. W. Va. 1934)].