Glossary entry

Dutch term or phrase:

verzoek tot beëindiging (afkoop)

English translation:

termination request (surrendering)

Added to glossary by Ashok Bagri
Oct 4, 2009 11:41
14 yrs ago
7 viewers *
Dutch term

verzoek tot beëindiging (afkoop)

Dutch to English Bus/Financial Insurance Insurance software
Na inhouding blijft over een restbedrag dat aan rechthebbende wordt uitgekeerd
Om de klant op de hoogte te stellen van het (negatieve) gevolg van zijn verzoek tot beëindiging (afkoop) kan een reaktie worden aangemaakt

Proposed translations

2 hrs
Selected

termination request (surrendering)

Voorbeeldzin:

"The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value."

"The surrender value of the policy is the amount remaining in the cash account less applicable surrender charges, if any."

"If the owner of the policy surrenders it, the insurance company will pay the cash surrender value or remaining investment fund in accordance with the policy terms after withholding any policy loans that may exist at the time of surrender."
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4 KudoZ points awarded for this answer.
4 hrs

request to surrender

From Babylon:
buying off/out 〈verzekeringswezen〉 surrender
voorbeelden:
1 bij afkoop van de verzekering • upon surrender of the policy

Juridisch lexicon:

afkoop
bij afkoop van de polis
on surrender of the policy
on surrender of the policy, upon surrender of the policy
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11 hrs

surrender request

Why not keep it short and simple?

For instance, a policy might say that the date of surrender is when the insurer receives a surrender request from the policyholder. Or, less likely, if the policy only allows surrenders on agreement by the insurer then the date of surrender will be the date that the insurer agrees to the surrender request.
http://www.hmrc.gov.uk/manuals/.../IPTM7325.htm

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