surrender

Definitions over time (1)

18/01/2015 – 02/04/2016 Article 1, Commission Delegated Regulation (EU) 2015/35 Scope: Whole act

For the purposes of this Regulation, the following definitions shall apply:

‘surrender’ means all possible ways to fully or partly terminate a policy, including the following: voluntary termination of the policy with or without the payment of a surrender value; change of insurance or reinsurance undertaking by the policy holder; termination of the policy resulting from the policy holder's refusal to pay the premium;

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No text uses this concept on 11/11/2026.