Termination of insurance contracts

Unilateral termination of the insurance contract implies a situation where one party wishes to terminate the insurance contract prior to its expiry. 

The consumer (policy holder) may terminate the insurance contract unilaterally; however, the terms and conditions and the results of the termination differ depending on:

  • the manner in which the contract was concluded;
  • insurance type; and
  • term of the contract.

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