Insurance Law of the People's Republic of China (Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)
Insurance Law of the People's Republic of China (Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)
Chapter II - Insurance Contract
Section 2 - Property Insurance Contract
Article 42
Where partial loss occurs to the subject-matter insured, the applicant may terminate the contract within 30 days after the insurer has made indemnity. Except otherwise provided for, the insurer may also terminate the contract. The insurer who intends to terminate the contract shall notify the applicant 15 days in advance, and shall return the insurance premium on the undamaged part of the subject-matter insured to the applicant after deducting the part receivable for the period from the date of the commencement of insurance liability to the date on which the contract is terminate.
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