Article 1897. Policyholder’s Right to Terminate the Insurance

(1) The policyholder shall be entitled to terminate a life insurance which does not attract a conversion value or a surrender value, provided that the termination does not take effect earlier than 1 year after the conclusion of the contract. The right to terminate before the end of the contract period may be excluded where a single premium has been paid. Termination shall be in writing and become effective 15 days after receipt of notice of termination by the insurer.
(2) If the contract of life insurance has attracted a conversion value or surrender value, Articles 1906 and 1907 shall apply.