Voluntary insurance - insurance on the basis of voluntary consent of the insured and the insurer's contract of insurance.

Voluntary insurance - insurance on the basis of voluntary consent of the insured and the insurer's contract of insurance.Content

    1 General Provisions
    2 Conclusion of a voluntary insurance contract
    3 Timing of voluntary insurance
    4 Notes
    5 See also
    6 Links
[Edit] General
Voluntary insurance contract entered into in accordance with applicable law. The law may determine to be voluntary insurance facilities and the most common insurance terms. Specific terms are governed by insurance regulations that are being developed by the insurer. [1][Edit] Conclusion of voluntary insurance
Voluntary participation in the insurance fully characterized only for policyholders. For example, at the conclusion of contracts of personal insurance, the insurer has no right to abandon the insurance object, if the will of the insured does not contradict the general conditions and rules of insurance. This ensures that a contract of insurance upon request of the insured. However, the insurer is not obliged to take out insurance on the terms proposed by the insured. [1]
For optional insurance is characterized by selective (not complete) coverage of insurers and insurance facilities as opposed to compulsory insurance. In terms of insurance may be restrictions for contracts with insurers, do not meet the requirements for them.[Edit] Dates of voluntary insurance
Voluntary insurance is always limited in terms of insurance. There is a beginning and an ending date in the contract. Continuity of voluntary insurance can only be achieved by re (sometimes automatic) renewal of the contract for another term. Voluntary insurance is valid only upon payment of a single or periodic premiums. Non-payment of premium leads to the termination of the contract.[Edit] Notes

    ↑ January 2 Kazantsev, SK Fundamentals of Insurance