Both the Insured and the Company are entitled to terminate this insurance upon 30 (thirty) days notice in writing being given by registered letter.
When the Insurer terminates the insurance, he is obligated to return pro-rata premium for unexpired period of insurance.
If it is the Insured who terminates the insurance, premium will be calculated on the short-term rate laid down in the Fire Insurance Tariff of Indonesia for the completed period of insurance