Simple Life Insurance Act Article 16
The right to cancel an insurance contract as mentioned in the preceding article, if not exercised, shall be extinguished one month after the cause for termination has been known to the insurer. In the event that the insured peril occurs at least two years after the execution of the original contract or the reinstatement of the insurance contract, the insurer may not cancel the insurance contract even if there had been a valid reason to discontinue.Where an insurance contract is cancelled in accordance with the provisions set forth in the preceding paragraph, the applicant may not make any requests other than to apply for the policy value reserve that the applicant is entitled to under the provisions of Article 21 hereof.
中文原文 簡易人壽保險法第16條
前條解除權之行使，自保險人知有解除之原因後，經過一個月不行使而消滅；或自保險契約訂立或恢復保險契約效力至保險事故發生日滿二年，即有可以解除之原因，亦不得解除保險契約。
依前項規定解除保險契約時，要保人除得依第二十一條規定，申請應得之保單價值準備金外，不得為其他請求。
依前項規定解除保險契約時，要保人除得依第二十一條規定，申請應得之保單價值準備金外，不得為其他請求。