CANADIAN INSURANCE TERM
Cancellation
The ending of an insurance policy before its scheduled expiry date by the insurer or policyholder, subject to policy terms and applicable law.
Plain-language definition. A real policy, endorsement and provincial law can use more specific wording than a glossary summary.
TermCancellation
ContextCanadian insurance
Source typeIndustry glossary
Policy wordingControls claim
What does Cancellation mean?
The ending of an insurance policy before its scheduled expiry date by the insurer or policyholder, subject to policy terms and applicable law.
Cancellation rules, notice requirements and any refund or remaining balance can depend on who cancels, when the policy ends and the governing rules.
Cancellation in practice
A policyholder who sells a vehicle may ask to cancel the related policy before its original expiry date, subject to the insurer's process and terms.