“Cancellation” means termination of a policy at a date other than its expiration date.
“Expiration date” means the date upon which coverage under a policy ends. For a policy written for a term longer than one year or with no fixed expiration date, “expiration date” means the annual anniversary date of the policy.
“Nonrenewal” means the refusal of an insurer to renew a policy at its expiration date.
“Renewal” or “renew” means the issuance of, or the offer to issue by an insurer, a policy succeeding a policy previously issued and delivered by the same insurer or the issuance of a certificate or notice extending the terms of an existing policy for a specified period beyond its expiration date. [Formerly 743.940; 2003 c.364 §104]