Law no. 2019-733 of July 14, 2019 on the right to cancel supplementary health insurance contracts at no cost allows policyholders to cancel their supplementary health insurance contract at any time, at no cost or penalty, after one year’s subscription.
Previously, this right could only be exercised once a year. In this way, the legislator wanted to enable policyholders to cancel an unsuitable or overpriced contract as soon as they become aware of a more advantageous offer, provided a minimum coverage period of one year is respected.
Decree no. 2020-1438 of November 24, 2020 on the right to cancel supplementary health insurance contracts free of charge, issued for the application of the law of July 14, 2019, defines the contracts concerned by this new option. These are contracts designed to cover health-related risks: reimbursement of expenses caused by illness, maternity or accident.
This right of cancellation also applies to supplementary health insurance contracts that include other types of cover. These are listed exhaustively in the aforementioned decree and decree no. 2022-388 of March 17, 2022 on the operation of mutual insurance companies and unions and provident institutions: risks of loss of autonomy, death, incapacity for work or disability, assistance, legal protection, civil liability, nuptiality-natality or hospital indemnity cover. The advantage is that all supplementary health insurance contracts can be terminated within one year, even if they include these other benefits. On the other hand, if the contract includes other cover not listed in the decree (such as property damage insurance), the right to cancel within one year is not available.
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