Non-Renewal

The insurer's decision not to offer a new policy term when the current policy period expires. Unlike mid-term cancellation, non-renewal occurs at the natural end of the policy and is generally subject to less regulatory scrutiny, though most states still require advance notice of 30 to 90 days. Non-renewal may be triggered by adverse claims history, changes in underwriting appetite, or exit from a market segment. A non-renewed firm should secure replacement coverage promptly and consider purchasing tail coverage.