(1) The contract for provisional cover expires at the latest at such time as similar insurance cover begins based on a main contract concluded by the policyholder, or another contract for provisional cover. If the beginning of the insurance cover under the main contract, or under the other contract for provisional cover, is made dependent on the payment of the premium by the policyholder, the contract for provisional cover expires in the event of non-payment or delayed payment of the premium, in derogation from sentence 1, at the latest at such time as the policyholder is in arrears as regards the payment of the insurance premium, provided that the insurer informed the policyholder of this legal consequence in writing in a separate communication, or by means of a conspicuous note in the insurance policy.
(2) Subsection (1) does not apply if the policyholder concludes the main contract or the other contract for provisional cover with another insurer. The policyholder must inform the previous insurer, without undue delay, of the fact that the contract has been concluded.
(3) If the main contract is not concluded with the insurer with whom the contract for provisional cover is made because the policyholder withdraws his or her contractual acceptance in accordance with section 8, or submits an objection in accordance with section 5 (1) and (2), the contract for provisional cover expires at the latest when the insurer receives the withdrawal or objection.
(4) If the insurance agreement was entered into for an indefinite period, each of the contracting parties may terminate the contract without prior notice. The insurer’s termination does not however become effective until two weeks after receipt.
(5) Agreements deviating from subsections (1) to (4) to the detriment of the policyholder are not permitted.