Article 958. Early Termination of the Insurance Contract

1. The insurance contract is terminated before the due date for which it was concluded, if after its entry into force the possibility of an insured event has disappeared and the existence of the insured risk has ceased due to circumstances other than the insured event. Such circumstances, in particular, include: death of the insured property for reasons other than the occurrence of the insured event; termination of business activities in the prescribed manner by a person who insured business risk or the risk of civil liability associated with this activity. 2. The policyholder (beneficiary) shall have the right to withdraw from the insurance contract at any time, if by the time of the refusal the possibility of an insured event had not disappeared due to the circumstances specified in clause 1 of this article. 3. In case of early termination of the insurance contract in accordance with the circumstances specified in clause 1 of this article, the insurer shall be entitled to a portion of the insurance premium in proportion to the time during which the insurance was valid. In case of early refusal of the insured (beneficiary) from the insurance contract, the insurance premium paid to the insurer shall not be refunded, unless otherwise provided by the contract.

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References to other articles of chapter 48. Insurance:
Article 927. Voluntary and compulsory insurance.
Article 928. Interests whose insurance is not allowed.
Article 929. Property insurance contract.
Article 930. Property insurance.
Article 931. Insurance of liability for causing harm.
Article 932. Liability insurance under the contract.
Article 933. Insurance of business risk.

Article 960. Transfer of rights to the insured property to another person.
Article 961. Notification of the insurer of the occurrence of the insured event.
Article 962. Reduction of losses from the insured event.
Article 963. Consequences of the insured event due to the fault of the insured, beneficiary or insured person.
Article 964. Grounds for exemption of the insurer from the payment of insurance compensation and the sum insured.
Article 965. Transfer to the insurer of the rights of the policyholder for damages (subrogation).
Article 966. Limitation of actions on claims related to property insurance.
Article 967. Reinsurance.
Article 968. Mutual insurance.
Article 969. Mandatory state insurance.
Article 970. Application of general rules on insurance to special types of insurance.
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