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United Kingdom

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Key definition

Renewal definition

What does Renewal mean? Renewal describes, in insurance practice, the continuation of cover for a further period (often 12 months) at the renewal date or policy anniversary, usually by agreeing to pay the renewal premium on the terms set out in the renewal invitation or policy conditions. It is a descriptive contractual concept rather than a term defined uniformly by statute or case law, and usage is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland. In life assurance, renewal commonly refers to the annual policy anniversary at which renewal premiums fall due and, depending on the policy wording, the policyholder may vary...

Limits on automatic renewal provisions in B2B and B2C contracts

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Automatic renewal clauses

Automatic renewal clauses may present in various formats to the following overall effect:

open-ended contract subject to notice—“This agreement will remain in force for a term of [three] years from the commencement date...”

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Lynne Counsell

Addington Chambers

Lynne has been in traditional Chancery practice for some thirty years, specialising in probate matters, construction of wills and trusts and also financial services and drafting.Lynne was for some years counsel for Tower Hamlets, representing them on landlord and tenant cases and counsel for Bedford Building Society representing it on mortgage cases.Lynne has written or updated over fifty books, including writing the initial volume of Atkin’s Court Forms “Financial Services” and updating Halsbury’s Laws on Injunctions. Lynne was also co-author of two editions of “Insider Trading” and co-editor and one of the writers of “Chancery Practice and Procedure.”Articles include “Marketing of Investments” for the Law Society Gazette and “The Doctrine of Mutual Wills” for the Trust Quarterly Review. Lynne won one of the few cases on mutual wills in the last fifty years – Charles v Fraser (2010).Lynne has drafted the standard unit trust for the...

Web page updated on 27/05/2026

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