Can the policy be terminated before its term expires?
Yes, the parties may terminate the contract before its term in the cases provided by law and the policy conditions; the consequences of termination may include a pro-rata refund of premium.
This answer is provided for general informational purposes and does not constitute legal advice. Consult a lawyer for an assessment specific to your situation.
Frequently Asked in This Area
- How is a compensation claim initiated after a traffic accident?
- What can be done if the insurance company rejects the claim?
- Is there a fee for applying to the Insurance Arbitration Commission?
- Which insurance applies in a traffic accident?
- What happens if the insurer fails to conclude my claim file on time?