Definitions for "Notice of Cancellation"
Keywords:  cancel, intent, dare, fourteen, rata
A written notice stating that the insurer will cancel a policy or that the insured is requesting the cancellation of the policy. Return to the top
A notice written by an insurance agent with the intent of terminating a policy.
Under the terms of most policies either the insured or the insurer may cancel the policy before expiry dare by giving the requisite notice, according to the policy, to the other party and refunding a pro rata premium.