by admin
in Insurance Terms
INSURANCE RENEWAL (RENEWAL)
insurance policy (or reinsurance agreement) upon expiry of the period in force, By the will of both parties in the insurance contract, It is a process that ensures that the current policy continues. Under renovation, continuing with the terms and premium of the old policy, expand the scope of the policy, restrict, impose additional conditions, Changes can be made, such as charging additional premiums or reducing premiums. Insurance company, a certain period before the policy expires. […]