Whats cancel the insurance agreement is an important question. People who have bought insurance products or plan to buy insurance products need to know this. By knowing this, all parties are calm in handling insurance problems.
If there are things that cancel the insurance agreement, of course, we want to know what is related. Generally, this will relate to laws and regulations. Laws and regulations will limit and become a reference in terms of insurance agreements.
The applicable regional laws can cancel the insurance agreement. Each country will have different legal standards. This adapts to the development of financial institutions and insurance. So remembering this, you must compare with the laws that apply in the territory of each country. We will discuss in general these problems. Problems that resulted in canceling the insurance agreement.
We understand that insurance or insurance is essentially an agreement between the parties concerned. Therefore, insurance must fulfill the conditions of the legal agreement. The requirement for the validity of an agreement must be in accordance with the applicable law of civil law. If the insurance does not meet the requirements of the civil law, this can cancel the insurance agreement.
Cancel the Insurance Agreement.
So we know that the main thing is to fulfill the terms of the agreement. If it does not meet the requirements of the legal agreement, then it means canceling the insurance agreement. Generally, rules and civil law have regulated and stipulated the terms of this matter.
Many things usually appear in the law to regulate insurance. Generally, regulations or laws govern threats if the insurance agreement is as follows.
Contain false or incorrect information. Or if the insured has information that will result in not closing the insurance agreement and not notifying such matters to the insurer;
Contains an existing loss before signing an insurance agreement;
Include provisions that the insured with notification through the court frees the insurer from all future obligations;
Contains a clever trick, fraud, or cheating by the insured;
Loading an object of coverage under the laws and regulations may not trade.
Choosing Insurance Products.
So we have captured the main point, namely things that can cancel the insurance agreement. After learning the things that cause this, then you should better examine insurance before buying. Various insurance products in circulation do require extra time to choose. Actually, you can easily make the right insurance product selection through an insurance consultant service. This is because insurance consultant service providers always pay attention to many factors in insurance on an ongoing basis.
If you like to choose yourself from insurance products, we will write a few tips to help you. We will write a few of these tips in the future.