due to changes in the risk covered by my insurance, how quickly can my company make it to the termination of this?
contract termination auto insurance - Article L113-4 of the Insurance Code (current version at 25 January 2009) provides that in case of increased risk during the contract, such that, if circumstances stories were reported at the conclusion or renewal of the contract, the insurer would not have contracted or would have done that through a higher premium, the insurer may either proceed with the termination of auto insurance, or to propose a new premium amount.
In the first case, the cancellation of auto insurance policy may not take effect until ten days after notification and the insurer must reimburse the insured portion of premium or contribution for the period during which the risk unraced.
In the second case, if the insured does not comply with the proposal or if the insurer refuses explicitly the new amount, within thirty days from the proposal, the insurer may conduct cancellation of auto insurance at the end of that period, provided they have informed the insured of this power, making it be conspicuous in the proposal letter.
However, the insurer can no longer rely on the heightened risks when, after being informed in any manner whatsoever, he expressed his consent to the maintenance of insurance, especially by continuing to receive Premiums for this insurance or self pay, after a disaster compensation.
The insurer must recall the provisions of this section to the insured, when it is informed by deterioration, or a decrease risks.
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