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noun. the quality of being insurable; the conditions under which an insurance company will issue insurance to an applicant (based on standards set by the insurance company).
Sentences with insurability
1. Noun, singular or mass
Sometimes people feel that they want to take advantage of their old company's plan and use COBRA as self-employed health insurance or they have to because of insurability.
Some policies guarantee that you can renew the policy once the term expires, while others require that you prove insurability upon renewal.