The insurance company or authorised agent has the right to cancel an insurance policy in certain circumstances. These circumstances are described in the policy terms and conditions for the insurance products concerned.
An insurance policy is an agreement in which the insurance company or authorised agent and the insured person both have certain obligations. If an insured person does not meet their obligations, the insurance company or authorised agent can cancel the policy. They can register this cancellation in the CIS database. This record in the CIS database is known as a ‘Confidential notice in connection with cancellation due to non-fulfilment of contractual obligations’.
If an insurance premium is not paid, or not paid on time, the insurance company or authorised agent can cancel the policy. This record in the CIS database is known as a ‘Confidential notice in connection with cancellation due to non-fulfilment of (financial) contractual obligations’.
Note that if you cancel an insurance policy yourself, the cancellation won’t be registered with CIS.