What is Cancellation?
Cancellation can be defined as, Before the end of the insurance or guarantee agreement through the insurer or insurers. Under the Insurance Policy Cancellation Rules, the policyholder is required to give advance notice (usually usually 30 days) of policy cancellation from the insurance company and know how any non-premium will be paid. In the case of insurance, termination is used in the following context: (1) The termination basis means that insurance is liable for policies that are in force prior to the expiration date of the contract. Come on, every policy lasts until the expiration date. () The cut-off basis means the liability of the insurer under the contract which came into force prior to the date of termination of the accidental damages before the date of termination of the contract. After this date, in principle, the insurance company refunds the non-fatal premium to the company, unless the contract is based on the premium received.
In the case of insurance, the termination of the insurance contract is terminated by the insurance company or the insured before the end of the insurance period. The insurer has the right to terminate its policy even if it is subject to restrictions provided by the law of its state. However, the insured may forcibly terminate the policy for reasons such as: B not paying insurance premium, depreciation or cover-up.
You can define Cancellation as, Termination of insurance policy before expiration date.
Definition of Cancellation: End of insurance coverage by the policyholder or insurer before the official end of the coverage period.
Cancellation definition is: Termination of the policy during the policy period.
Meanings of Cancellation
The act of canceling something that was arranged or planned.
Sentences of Cancellation
The government has threatened to cancel the project
Synonyms of Cancellation
reversing , nullification, abolition , canceling , revoking , invalidation, reversal, abrogation, invalidation , rescindment, annulment , retracting , retraction , abolishing , revocation , dissolving , dissolution , repudiation , overruling , deletion