Termination of contract

 

Meaning of the word: Termination of contract

Termination of contract is a process, when void a contract between the insurer and the policyholder. For example, the contract may disappear spontaneously at the expiry of the insurance period, however, it can also disappear for violation of the conditions of one of cooperated partners.

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Pension

Pension is a old-age pension, which is paid from the pension insurance scheme within the pension system. The pension is paid in monthly installments…

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