nonrenew

English

Etymology

non- +‎ renew

Verb

nonrenew (third-person singular simple present nonrenews, present participle nonrenewing, simple past and past participle nonrenewed)

1. Not to renew; to discontinue or terminate.
   • 1998, United States. Congress. House. Committee on Ways and Means. Subcommittee on Health, Implementation of the Health Insurance Portability and Accountability Act: Hearing... (volume 4, page 145)

     One possible interpretation is that when a carrier stops writing new business, it has discretion about whether to nonrenew existing business, but if it does choose to nonrenew, it must nonrenew all existing business.