Requirements for Cancelling an Insurance Contract

The video tutorial discusses the cancellation of insurance contracts from both the insured and insurer perspectives. It explains that the insured can cancel at any time, while insurers have specific conditions under which they can cancel, such as non-payment of premiums or misrepresentation. The video also covers the importance of statutory notice and conditions in insurance contracts, and how policies can be terminated at the end of their term.

What are the general rights of the insured regarding the cancellation of an insurance contract?

Under what circumstances can an insurer unilaterally cancel an insurance policy?

How does misrepresentation affect the validity of an insurance contract?

What is the significance of conditions in an insurance policy?

What happens when the stated term of an insurance policy comes to an end?