Explore the concept of termination in life and general insurance, including the end of coverage and nonforfeiture value in life insurance policies.
Learn about the cancellation provision clause in property and health insurance policies, allowing either party to terminate the agreement before its expiration date.
Understand the concept of flat cancellation in general insurance, where a policy is cancelled on its effective date with no premiums paid.
Learn about the runoff provision in reinsurance contracts, which ensures that reinsurers remain liable for losses under policies in force until expiration, even after contract termination.
Learn about pro rata cancellation in insurance, where premiums are adjusted based on the time the contract has been in effect. Understand how it affects your insurance policy.
