Both the insurer and the insured are entitled to terminate insurance upon 30 (thirty) days notice in writing being given. Such termination should be effected on the registered letter.
When the Insurer terminates the insurance, he is obliged to return pro rata premium for the 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 current Fire Insurance Tariff of Indonesia for the completed period of insurance.
