The Research Of The Right To Terminate The Insurance Contract

An insurer has provided insurance law legal right of cancellation, the insurance system as a special regime.For socio-economic activities of its own has some compensation, in most cases the insured for their own possible future a chance or accident insurance to obtain compensation for a system.Right to terminate the insurance contract in terms of the insurance contract legal relationship is a very important system, right to terminate the insurance contract validly established in the insurance contract, the insurer before the expiration of the law or the agreement of the case revealed that the contract is terminated when the party has the right to exercise the line the effective disarmament permissions so that the validity of the insurance contract attributable to the elimination.Relationships among the entire insurance contract for building a complete insurance system is a very critical aspect. "Insurance Law" gives both parties a statutory right of termination of this legislation is to set strict limits itself to eliminate any party insurance contracts, the maximum credit protection contract in exceptional circumstances beyond its risk-sharing can play to fill the role of the loss. This is China’s insurance market has a crucial role, but also to ensure stable development of the insurance relationship is an important factor.