[ 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) <noun.attribute>
The policy banned insurance companies from considering the results of HIV blood tests in deciding insurability for small group and individual plans.
Finally, he contends that society would be well served if insurability were restored to the system by attacking features that have made many products uninsurable, and because of this, less available to the public.
Though he wasn't out of work long enough to collect disability, his insurability would have been crippled if he didn't already have the policy.