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A notice provided by one party to the other party in a reinsurance treaty indicating that the treaty will not be renewed in the future. Provisional notice of cancellation (PNOC) is used in continuous reinsurance contracts to stop automatic renewal, and are most commonly used when one party does not agree to the
terms of renewal.
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https://www.irmi.com/articles/expert-commentary/should-i-stay-or-should-i-go-now
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