Definitions for "Conditionally Renewable"
A contract that provides that the insured may renew it to a stated date or an advanced age, subject to the right of the insurer to decline renewal only under conditions stated in the contract.
A policy that can be cancelled or have the premiums raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy.
A contract between an individual and an insurance company that allows them to renew their policy on a certain date or age, but allows the company the right to deny renewal under conditions that are stated within the contract.