Inception, duration and end of the insurance
Inception, duration and end of the insurance
4.1 Inception of the insurance: The insured risks are covered from the inception date of the insurance, which is mentioned on the policy schedule, however never earlier than the date on which the first premium was paid.
4.2 The policyholder is entitled to terminate the insurance agreement in writing within one month after the date of issue of the first policy schedule. As of the moment that the cancellation reaches the insurer, the insurance contract is deemed to be terminated. Any premiums already paid shall be refunded.
Inception, duration and end of the insurance
4.1 Inception of the insurance: The insured risks are covered from the inception date of the insurance, which is mentioned on the policy schedule, however never earlier than the date on which the first premium was paid.
Inception, duration and end of the insurance
4.1 The insured risks are covered from the inception date of the insurance, which is mentioned on the policy schedule, however never earlier than the date on which the first premium was paid.
4.2 The policyholder is entitled to terminate the insurance agreement in writing within one month after the date of issue of the first policy schedule. As of the moment that the cancellation reaches the insurer, the insurance contract is deemed to be terminated. Any premiums already paid shall be refunded.
4.3 The insurance contract shall end without prejudice to the provisions elsewhere in these terms and conditions regarding cancellation and termination of the insurance if one of the following situations occurs:
a. on the end date of the insurance, as specified on the policy schedule;
b. on the date of the death of one of the insured parties mentioned on the policy schedule; the insurance will only end for the other insured party if a payment is made. The insurance also ends if both insured parties die at the same time;
c. on the first day of the month in which the insured person reaches the age of 85;
d. if the insured or the policyholder has deliberately provided or had provided incorrect information as referred to in Sections 7:928 to 7:930 of the Netherlands Civil Code;
e. in the event of non-payment of the first premium within 3 months of the commencement date of the insurance stated on the policy schedule;
f. In the case of a policy based on monthly or annual premium payments, the policyholder can cancel the insurance on the first day of the month, and the notice period is one month. The written request to cancel the insurance can be send to the administrator.
4.4 The insurer can immediately terminate the policy if:
a. national or international sanctions legislation prohibits the insurer from implementing the insurance;
b. it appears that the policyholder, the insured or any other interested party is on a (inter)national sanctions list;
c. the policyholder or the insured party does not cooperate in determining the ultimate interested party of a (legal) person who is interested in the insurance.
4.5 In case of a pledged policy, the insurer will inform the pledgee of the termination of the policy.
