The conditions of insurance policies stipulate how a policyLegally binding contract effecting insurance or certificates thereof, including all clauses, riders, endorsements and renewals. may be terminated during its termThe period of time from the inception to the termination of an insurance policy or bond.. For example, a policyLegally binding contract effecting insurance or certificates thereof, including all clauses, riders, endorsements and renewals. may be terminated by the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. at any time or by the insurerThe company providing the insurance coverage. who must give the insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. a certain number of days’ notice of terminationThe conditions of insurance policies stipulate how a policy may be terminated during its term. For example, a policy may be terminated by the insured ... by registered mail or a certain lesser number of days’ written notice of terminationThe conditions of insurance policies stipulate how a policy may be terminated during its term. For example, a policy may be terminated by the insured ... personally delivered.