Who may terminate a private medical insurance contract?

The correct answer is that both the insured and the insurer may terminate a private medical insurance contract. This is due to the nature of insurance contracts, where both parties have rights and obligations that can lead to termination under certain circumstances.

The insured typically has the right to cancel their policy when they no longer wish to continue coverage, often providing a notice period as specified in the terms of the contract. Similarly, the insurer may terminate the contract if the insured fails to adhere to policy conditions, such as timely payment of premiums or providing accurate information at the time of application or claims.

This mutual ability to terminate the contract reflects the voluntary nature of insurance agreements and the need for both parties to maintain their obligations. This ensures that while the insured can stop coverage when necessary, the insurer also retains the right to protect its interests, such as in cases of deceit or breach of terms.

Options suggesting that only one party can terminate the contract do not recognize the dual nature of these agreements, which is essential in ensuring that contractual obligations are upheld.