Termination of the contract of insurance by the insured

The insured may terminate a contract of insurance provided by the rules set by the Insurance Code.

The termination provisions
Except when they are entered into for a specified duration, insurance contracts are automatically renewed with, for the insured and the insurer, the ability to terminate them at maturity without having to explain its decision.
The insured must send a letter to the insurer two months before the due date. The acknowledgment is not mandatory but it is a way to be sure that the insurance company received the termination request.


The information of the insured
Facilitating the termination of annual contracts with tacit renewal, the insurer must remember with the notice of annual renewal, the notice itself or on a separate document, the date by which the insured may terminate his insurance policy.
This reminder is sent less than fifteen days before the date by which the insured may request termination of, or after
The insured then has twenty days from the date of mailing of the recall to end his contract.
No reminder is sent The insured may terminate the contract without penalty at any time after the renewal date by sending a letter to the insurer.
These provisions apply only to insurance contracts providing for individuals outside of their professional activity. They shall not apply to life insurance, or a contract for group and other collective operations.

Moving, marriage, retirement, change of profession …
The insured may terminate, by registered letter with acknowledgment of receipt within three months from the date of the event, provided that the changed circumstances have an impact on the hedged risk.
The request for termination shall take effect one month after receipt by the insurer of the notification. The portion of the premium corresponding to the period when the risk is not covered is refunded.

Sale, purchase, inheritance
Except in case of sale, transfer or donation of a vehicle or boat, the contract is automatically transferred to the new owner (purchaser or heir). It may terminate the insurance contract within three months from the day he was transferred to his name.

Sale, transfer or donation of a vehicle or boat
The insurance contract is subject to a suspension of the next day guarantee midnight the day of the sale of the car or boat. It can be terminated ten days’ notice by the insured as the insurer. The portion of dues for the period where the risk is no longer covered, is refunded to the insured.
Failing reinstatement or termination by the insurer or the insured, the insurance contract termination occurs automatically within six months after the sale, transfer or donation.

Total loss of the insured
In case of total loss of the insured arising from an event not covered by the contract, the insurance terminates. The insurer must refund the portion of dues overcharged.

Rate increase
Some contracts allow the insurance company to increase its rates and the insured to cancel. Other contracts specify a minimum rate of increase below which the insured may not terminate.
According to the insurance contract:

the subscriber has fifteen days or one month, from the moment he becomes aware of the increase, to request cancellation by registered mail;

the contract terminates one or two months after the request. The insured party must pay the premium between the maturity dates and termination, calculated under the old tariff.

Termination by the insurer after a loss
When this possibility is mentioned in the chapter general of termination, the insurer may terminate a contract of insurance after a disaster.
If the insured has signed other contracts with the same company, may request their termination by letter within one month of notification of termination by the insurer. These contracts will expire one month after the request.

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