termination of risk

termination of risk
A phrase familiar in the law of insurance, signifying the termination of the coverage provided by the policy by the expiration of the term for which the policy was issued, by breach of warranty or condition, or by the cancellation, rescission, or surrender of the policy to the insurer. 29 Am J Rev ed Ins § 317.

Ballentine's law dictionary. . 1998.

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