In doing develop insurance programs, we often hear the renewal or non-renewal of the vocabulary.
Testing usually say something like: short-term insurance is a renewal, so and so is a short-term insurance renewal, certain long-term insurance does not support renewal, and so on. . . .
What is the renewal:
Renewal insurance contract is about to expire, the insured person making an application to the insurer, requested an extension of the term of the insurance contract or re-apply for insurance procedures behavior. In the process of renewal procedures, the insurer or the insurer can be based on the objective situation or needs, and appropriately increase or decrease the amount of insurance, or make other changes. Renewal of three ways: ① another set of new insurance contracts; ② original condition made "certificate renewal"; ③ will be charged for renewal premiums "renewal receipt" as a renewal certificate, all the conditions of the original policies . Renewal of insurance work, usually by the insurance company before the expiry of the original insurance contract notice insured, and according to the prevailing circumstances and needs of the insured property, re-insurance contract.