What do you mean by insurance termination?

"The termination of an insurance contract means that after the insurance contract is established, legal or agreed reasons occur, so that the rights and obligations defined in the contract disappear and the legal effect disappears completely. The main reasons for the termination of an insurance contract are legal or agreed reasons such as the expiration of the contract period, the completion of performance, and the elimination of the subject matter. As a result, the rights and obligations of the contract are eliminated. "

Insurance subject

1. The subject matter of insurance is the subject of the insurance contract, including only the applicant and the insurer. Insured, beneficiary and policy holder, unless they are with the insured.

Otherwise, the same person is not the object of insurance.

2. The applicant refers to the person who has entered into an insurance contract with the insurer and is obliged to pay the insurance premium according to the insurance contract. The applicant can be a natural person or a legal person, but must have civil capacity.

3. The insurer, also known as the "insurer", refers to an insurance company that enters into an insurance contract with the applicant and assumes the responsibility of compensation or payment of insurance benefits. There are two forms of China: joint-stock companies and wholly state-owned companies. An insurer is a legal person, and an individual citizen cannot be an insurer.

The insured refers to the person whose property interests or person are protected by the insurance contract according to the insurance contract, and who has the right to claim the insurance money after the insurance accident. The insured is often the insured at the same time.

5. Beneficiary refers to the person who has the right to claim insurance money designated by the applicant or the insured in the life insurance contract. Both the applicant and the insured can be beneficiaries. If the applicant and the insured have not designated the beneficiary, the legal heir shall be the beneficiary.

6. The policy owner, that is, the person who owns the ownership of the insurable interest, is usually the applicant, beneficiary or policy assignee. Insurance subject

The subject matter of insurance is the subject of the insurance contract, including only the applicant and the insurer. Insured, beneficiary and policy holder, unless they are with the insured.

Otherwise, the same person is not the object of insurance.