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Under what circumstances may an insurance contract be terminated?

Highlight circumstances under which an insurance contract may be terminated.

Answers

Maurice
(i) Where the insured person decides to terminate the contract.

(ii) Where a court of law orders termination.

(iii) Where the insured fails to remit premiums.

(iv) Where the insurance company is declared bankrupt.

(v) Where the principle of utmost good faith was violated.

(vi) Where the insured ceases to have insurable interest in the property insured.

(vii) Where the insured has been compensated.

(viii) Where the policy matures and is settled.
maurice.mutuku answered the question on August 16, 2017 at 08:37

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