renewability
1
4.8
- noun
- /rɪˈnuːəˌbɪlɪti/
- Specialized
:
renovabilidad
- Before signing the contract, make sure you understand the renewability terms and conditions, particularly how often it can be renewed.
Examples
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The renewability of the lease agreement was a key factor in our decision to move into the apartment.
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Require guarantee issue and renewability; allow rating variation based only on age (limited to a 2 to 1 ratio), premium rating area, and family enrollment.
Blog text (11) -
Require guarantee issue and renewability; allow rating variation based only on age (limited to 5 to 1 ratio), geographic region, and family enrollment.
Blog text (11) -
Require guarantee issue and renewability and allow rating variation based only on age (limited to 3 to 1 ratio), premium rating area, family composition, and tobacco use (limited to 1.5 to 1 ratio) in the individual and the small group market and the Exchange.
Blog text (11) -
Require guarantee issue and renewability, and allow rating variation based only on age (limited to a 5 to 1 ratio with state option to reduce the ratio), geographic region, and family enrollment in the individual and small group markets and the Exchange.
Blog text (11) -
Require guarantee issue and renewability; allow rating variation based only on age (limited to 2 to 1 ratio), premium rating area, and family enrollment; and limit the medical loss ratio to a specified percentage.
Blog text (11) -
Require guarantee issue and renewability and allow rating variation based only on age (limited to 4 to 1 ratio), tobacco use (limited to 1.5 to 1 ratio), family composition, and geography in the non-group and the small group market (new rules for small group market will be phased in over five years).
Blog text (11) -
Create a community health insurance option to be offered through state Gateways that complies with the requirements of being a qualified health plan and meets the same requirements as other plans relating to guarantee issue and renewability, insurance rating rules, quality improvement and reporting, solvency standards, licensure, and benefit plan information.
Blog text (11) -
Many insurance policies include a renewability clause that allows the policyholder to extend the coverage without having to reapply.
Synonyms
Ability to make a time period or agreement last longer
How Renewable
19
9.6
- Specialized
1
4.8
Surface Forms
Morphology
Etymology
Renewability comes from the parts re- 'again' and new, the same parts in the verb renew, so think of making something 'new again' like extending a contract or updating a passport. That's why renewability means the ability of something to be renewed, extended, or continued.